FirstBank Ghana has launched a Private Banking and Wealth Management service aimed at high-net-worth individuals, focusing on wealth preservation and growth. The initiative seeks to provide tailored financial solutions, addressing specific client needs in an evolving economic landscape. Notable executives from FirstBank highlighted the importance of strategic financial management and global banking advantages at the launch event.
FirstBank Ghana has launched a Private Banking and Wealth Management service tailored specifically for high-net-worth individuals, intended to assist them in preserving and expanding their wealth. With a strong focus on customer needs and extensive expertise, FirstBank aims to diversify its offerings in the Ghanaian financial market. This new service is designed to provide strategic financial advisory to clients, enabling them to navigate complex economic landscapes effectively.
At the launch event held on March 14, Victor Yaw Asante, Managing Director and CEO of FirstBank Ghana, highlighted the significance of understanding clients’ financial needs. He noted that, although the bank has a range of services for various sectors, this new offering specifically targets individuals who require specialized solutions to safeguard their wealth from economic uncertainties, including inflation and currency depreciation.
Mr. Asante assured clients that the bank’s priority was to deliver exceptional service tailored to the unique needs of individuals, rather than merely seeking to increase market share. He stated their existing client base already necessitates such specialized financial offerings and emphasized the aim of providing world-class wealth management services in Ghana.
Mr. Idowu Adebayo Thompson, Group Executive for Private Banking and Wealth Management at FirstBank Nigeria, discussed the importance of wealth preservation. He cautioned that substantial wealth often diminishes by the third generation without proper management and articulated the need for structured financial planning. According to Mr. Thompson, Ghana is experiencing significant economic shifts that create opportunities for effective wealth management and investment in key sectors such as real estate, infrastructure, technology, and agriculture.
Moreover, Mr. Olukorede Adenowo, Managing Director and CEO of FirstBank UK, articulated the advantages of global banking in offering clients stability and the capability to manage international wealth. He referenced FirstBank’s 130 years of global banking experience across various markets and the financial tools the bank provides, including fixed-income products and investment opportunities in equities and real estate. Furthermore, for clients interested in international investments, the bank offers mortgage solutions for purchasing properties abroad, thereby helping to protect assets from economic fluctuations.
The introduction of FirstBank Ghana’s Private Banking and Wealth Management service marks a significant enhancement in tailored financial solutions for high-net-worth individuals in Ghana. This initiative aims to prioritize wealth preservation and growth through sophisticated financial planning and investment strategies. With support from FirstBank’s extensive international presence and expertise, clients are expected to gain access to resources that protect and grow their wealth amidst economic uncertainties.
Original Source: www.graphic.com.gh
