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Brexit statement

This update provides information for Nedbank Private Wealth and Nedgroup Trust.
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Published 30 December
1 min

A post-Brexit trade deal has now been agreed by the UK and EU.

 

As we have previously confirmed, Nedbank Private Wealth and Nedgroup Trust are well positioned to provide continued service and support to our clients following the conclusion of the transition period on 31 December 2020.

 

Investment positioning

We don’t expect there to be significant market volatility. It is worth noting that our investment strategies offer global diversification, so while further volatility is always possible, we are confident that our global investment approach is well positioned to offer attractive long term risk-adjusted returns.

Banking

We do not expect any significant disruption to banking, payments or card services.

 

Third party arrangements

Clearing banks. We utilise the services of the following UK clearing banks: NatWest Bank (for sterling and euro) and Deutsche Bank (for US dollars).

 

  • NatWest is a UK based bank and there is expected to be no impact on its clearing activities after 2 January 2021.
  • Deutsche Bank has moved some of its clearing activity to Frankfurt, but plans to retain its business in London, so there should be no impact after 2 January 2021.

Custodian. Our custodian is Citibank NA (London branch) for our UK office, and Citibank International Limited (Luxembourg branch) for Isle of Man and Jersey offices.  We have received reassurances from our custodian that they do not expect any impact in the services that they provide to us.

 

Visit our Frequently Asked Questions page for answers to some of the specific questions you may have regarding the impact of Brexit on your wealth with Nedbank Private Wealth.

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Get in touch

If you are interested in becoming a client, please complete the form via the ‘become a client’ button below. Alternatively, if you are already a client, or if you have a question about how we help clients in particular circumstances, please use the ‘contact us’ button.

 

We will get back to you as soon as we can during office hours, which are Monday to Friday, 8am to 8pm (UK time), except for UK public holidays.

Become a Client

Thank you for your interest in Nedbank Private Wealth. Please call us on +44 (0)1624 645000 or complete the requested information and one of our team will get back to you soon. We look forward to speaking with you.  Please note: If you are an EU resident, we are unfortunately unable to offer our services to you at present.

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Contact Us

Give us a call today on +44 (0)1624 645000 or please complete the requested information and one of our team will get back to you soon. We look forward to speaking with you.

Our office hours are weekdays from 8am to 8pm UK time, except for UK public holidays.

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IMPORTANT

Beware of scams using Nedbank Private Wealth’s name.

 

Have you received an email or SMS claiming to be from Nedbank Private Wealth, inviting you to open an account?

 

Don’t be tricked – Nedbank Private Wealth never contacts members of the public directly, and will never use email or text messages to ask you for your bank details or sensitive personal information.

 

We are aware of scams using our name and those of our staff. These are usually intended to convince you to send money to the scammers, who use our name because it sounds legitimate.

 

If you are in any doubt about whether an email or SMS in our name is legitimate, please speak to your private banker, or call the telephone numbers on the “Contact us” page.