Co-op Bank wins global award for private banking growth strategy
(L-R) Natalie Pirks, Broadcaster, Financial Times; Fredrick Okello, Head – Executive Banking, Co-op Bank; and Ben Muriuki, Head – Investor Relations & Strategy, Co-op Bank.
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The award, organised by Professional Wealth Management (PWM) and The Banker, both publications of the Financial Times Group, recognises excellence in private banking and wealth management.
The recognition follows the lender’s investment in transforming its Executive Banking business to serve affluent and high-net-worth customers through specialised banking facilities, financial advisory and integrated investment solutions.
As part of the transformation, the bank has revamped 43 Executive Banking centres and established five premium Executive Plus lounges in Nairobi, Mombasa, Nakuru, Eldoret and Kisumu.
The lender has also introduced a One Client, One Relationship Manager model, providing customers with a single contact for their personal and business banking needs, including access to trade finance, mortgages, asset finance, treasury and investment services.
Additionally, Co-op Bank has expanded its wealth management offering through its Virtual Wealth Desk, which provides investment advisory, stockbroking and asset management services.
Its investment management subsidiary, Co-optrust Investment Services Limited, manages assets worth more than Ksh.500 billion.
The bank has also invested in digital platforms that allow customers to access and monitor investment products, including money market and bond funds.
The recognition highlights the bank’s growing focus on wealth management as it expands its range of specialised financial services.
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