Ecobank Offers Wealth Planning Services to Customers

Fund management
  • Ecobank Offers Wealth Planning Services to Customers

Ecobank Securities, Wealth and Asset Management, an arm of Ecobank Transnational incorporated, has reaffirmed the bank’s determination to help its customers create, preserve and protect their wealth for themselves and successive generation.

This was made known during a breakfast session organised for customers in Lagos by Ecobank SWAM.

The Managing Director, EDC Fund Management, Ibukun Oyedeji, told customers at the forum that the bank was committed to helping its customers maximise their wealth.

Oyedeji, who is also the Country Manager, Ecobank SWAM, said Nigeria had over 12,000 high net worth individuals as defined by global standards, coming second after South Africa in the continent.

However, South Africans have been successful in managing their wealth.

She commented that Nigerians were good at making money and creating wealth, but had yet to pay attention to sustaining the wealth, and passing it on to the next generation.

The Ecobank SWAM country manager, therefore, encouraged Nigerians especially wealthy citizens to embrace wealth creation and preservation as a way of life.

According to her, SWAM’s goal is to help its customers to plan their future and their wealth.

Oyedeji said, “As a bank, we think of how we can guide our premium customers to make sure that the wealth that they have created, actually adds value to them, and goes to their next generation and their children’s generation.

“We believe that both local and offshore investment and partnership will help in making this a reality, which is one of the reasons we have partnered Nedbank because Nedbank brings in that offshore balance into your wealth portfolio. “Investing funds in one currency is risky, so Nedbank’s partnership gives access to large pool of funds globally so that one can spread his or her investments all over the world in different currencies,” she added.

Ecobank Nigeria Executive Director, Consumer Banking, Mrs. Carol Oyedeji, stressed that there were enormous benefits associated with diversified investments portfolios being offered by Ecobank SWAM.

Oyedeji reiterated that the event was aimed at appreciating and updating customers on the additional product offerings and innovative service delivery the bank had introduced for wealth creation.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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