RMB Private Bank recognised as South Africa’s Best Private Bank at the 2025 Euromoney Global Private Banking Awards
RMB Private Bank has been named South Africa’s Best Private Bank at the 2025 Euromoney Global Private Banking Awards, reaffirming its position as a leader in delivering high-value, integrated private banking solutions.
The bank also secured four additional category wins, including South Africa’s Best for Ultra High Net Worth (UHNW) for the third consecutive year, as well as Best for Alternative Investments, Best for Succession Planning, and Best for Sustainability.
The Euromoney Global Private Banking Awards are regarded as a benchmark for excellence in private banking and wealth management.
With a rigorous selection process that evaluates expertise, innovation and client impact, these awards recognise institutions around the world that are redefining private banking for the modern client.
Sizwe Nxedlana, CEO FNB Private says that the awards serve as validation of the bank’s client-centric approach.
“These awards provide an external affirmation of the value of our commitment to doing right by our clients,” he points out.
“Our approach to private banking is about more than just managing wealth; it’s about creating meaningful financial solutions that integrate seamlessly into our clients’ broader life ambitions.”
A key pillar of RMB Private Bank’s offering is its integrated advice approach – an evolution beyond traditional private banking that is designed to align financial services with clients’ long-term goals.
Nxedlana adds, “The bank works closely with its clients to structure advice-led financial solutions that extend beyond investment and wealth management to include succession planning, tax optimisation, global investment strategies and sustainability-focused initiatives.”
Gareth Matthews, Head of RMB Private Bank explains that RMB Private Bank’s ability to deliver highly tailored advice comes from its deep relationships with clients and its holistic understanding of their financial ecosystems.
“Our clients are looking for more than just a bank; they want a strategic partner who understands their ambitions, challenges and long-term aspirations.”
“Whether they are expanding a business, planning for intergenerational wealth transfer or looking for sustainable investment opportunities, our role is to integrate these elements into a coherent financial strategy.”
As illustrated by the three Euromoney wins in this category, the RMB Private Bank approach has been particularly effective in the UHNW segment, where complex financial structures require a more nuanced, multi-faceted approach.
However, Matthews is quick to point out that the bank applies this expertise across its entire client base, particularly to young professionals, many of whom are rapidly building wealth and seeking a banking and advisory partner that understands their evolving needs.
“We take what we’ve learned in dealing with clients who have significant wealth and apply it across the board,” he says.
“Young professionals are often subject matter experts in their respective fields but are navigating critical financial decisions for the first time, whether that means optimising their earning potential or making their first significant investments.”
“Our role is to ensure they extract maximum value from every financial decision, setting them up for long-term success,” Matthews explains.
Another key differentiator for RMB Private Bank is its perspective on private banking as a source of value rather than a cost.
Matthews challenges the conventional notion that private banking is simply about paying for exclusivity and access to expensive products and services.
“We believe private banking should be an enabler, not an expense, but rather focused on personalised service and competitive pricing,” he explains.
“Clients don’t just pay fees for financial services – they gain access to a comprehensive ecosystem of expertise, insights and solutions that deliver tangible value.”
“Whether it’s optimising rewards like eBucks, structuring investments in a tax-efficient way, or accessing global opportunities, we ensure that our clients benefit from every aspect of their banking relationship.”
Nxedlana emphasises that the success of RMB Private Bank is the result of a collective effort that extends beyond the private banking team.
“These awards belong to everyone who contributes to our ability to serve clients at the highest level, from our private advisors and support staff to our colleagues across the FirstRand Group who provide specialist solutions and, most importantly of all, our clients.”
“Their trust, engagement and feedback enable us to continuously refine our offering and ensure we are always delivering real value,” he says.
Importantly, Matthews says these latest Euromoney accolades are not merely awards – they are evidence that RMB Private Bank is committed to empowering our clients to attain a better financial position and help them and their families thrive.
“We’re proud of the fact that these awards affirm our belief that true private banking is about much more than financial transactions,” he concludes, “it’s about strategic partnerships, integrated thinking and a steadfast passion to create a legacy of long-term wealth and prosperity.”
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