International investing now more accessible with AfrAsia Bank

Marc-Alexandre Masnin, Head of Investment Solutions at AfrAsia Bank

Raveen Ramlakan, Head of Structuring at AfrAsia Bank Limited

Colin Grieve, Chief Representative Officer, AfrAsia South Africa

AfrAsia Awarded Financial Services Provider Category 1 Intermediary & Advisory License

AfrAsia Bank, who offers offshore investing and expanded financial services solutions to high networth individuals and corporates looking to diversify into the international financial centre of Mauritius, has received a Financial Services Provider Category 1 Intermediary & Advisory license (FSP No 52012) from the Financial Sector Conduct Authority (FSCA) in South Africa.

The license comes at a critical time for the business, enabling the bank to expand its customer base in South Africa and offer advisory and discretionary products and services through the Private Bank in Mauritius, and the wider bank.

Operating through its Representative Office in Johannesburg, AfrAsia will offer South African corporates and high networth individuals looking to invest offshore more services and expertise than ever before, including:

• Global Custody Investments, including shares, ETFs, bonds, mutual funds and indices via the custody system.
• Fixed deposits In USD, EUR, GBP, ZAR, AUD, CNY and CAD.
• Access to principal protected structured deposits issued by AfrAsia Bank which are linked to indices, mutual funds and ETFs.
• Money market instruments.
• Debentures and securitised debt.
• Foreign Exchange, which can be facilitated via direct dealing into the bank’s dealing room in Mauritius, involving the top 20 most actively traded currencies.
• Forex Investments, including Dual Currency Deposits (DCDs) and foreign exchange linked structured notes.
• Long and short term deposits.
• Comprehensive Structured Product Offering through reputable institutional banks.
• Custody services in major markets like US, Europe, Asia, Australia, South Africa and exotic markets (>50 markets worldwide).
• Access to more than 50 stock exchanges around the world.

This will be in addition to the current offering of corporate and financial institution loans, trade finance and treasury, foreign exchange, money market, current and savings accounts and structured products.

“Mauritius is the international financial centre for Africa, and we are able to offer bespoke solutions to our clients in South Africa as the local branch of bank that has extensive offshore banking experience spanning across markets and sectors,” said Raveen Ramlakan, Head of Structuring at AfrAsia Bank Limited.

“Our connection to global markets allows us to offer our clients unique expertise and efficient access to the Mauritian financial system,” he continued.

Since 2009, the South African representative office of AfrAsia Bank has given clients access to truly international options for their money, leveraging its proximity to bridge South Africa to Mauritius and the world.

“Our goal is to grow with our clients. We aim to understand their investment ambitions and develop well-structured solutions,” said Colin Grieve, Chief Representative Officer, AfrAsia South Africa.

AfrAsia Bank’s approach is anchored on a personal and tactical approach to wealth creation, underpinned by robust research and performance analysis. The bank transforms investment ideas into investable products with maximum flexibility, adapted to clients’ evolving needs.

“South Africa and the broader African continent present exciting growth markets for the bank. We are pleased we are able to offer first class global services to affluent, high net worth and ultra-high net worth individuals in the region, whilst also connecting them to the broader bank’s offering,” said Marc-Alexandre Masnin, Head of Investment Solutions at AfrAsia Bank.

Complementing local knowledge with global expertise, AfrAsia provides ease of access to move money to Mauritius and international markets compliantly, assisting clients to diversify their wealth and expand their businesses.

Strategically located at the crossroads between Africa and Asia, Mauritius has successfully positioned itself as an important hub for investment, business structuring and wealth management for both international corporates and fund managers over the past 30 years.

AfrAsia Bank Limited is licensed and regulated by the Bank of Mauritius, The Financial Services Commission & South African Reserve Bank.

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