Our history
We are proud of our international heritage, as well as being part of the communities of the Isle of Man since 1987, Jersey since 1994, London since 2008 and Dubai since 2011.
Many people recognise our name from our parent company, Nedbank Group, which is a large financial services group based in South Africa. Our history in the UK and islands goes back to when the office in Isle of Man was opened in 1987. However, our broader Nedbank South African heritage reaches back to 1834 with the establishment of one of the oldest trust companies in the world.
Nedbank Private Wealth Limited, is a separately capitalised company, with our own separate balance sheet and credit rating.
HISTORY TIMELINE
Dating back to 1834
We can chart our heritage back to 1834 with the establishment of the South African Association for the Administration and Settlement of Estates – one of the oldest trust companies in the world.
Through our parent company, Nedbank Group, we have built our reputation on personal relationships, consistency and attention to clients’ needs.
Start
the journey
The South African Association for the Administration and Settlement of Estates was established
1834
The Board of Executors is formed
1838
The Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika is founded
1888
Name change to Nederlandsche Bank voor Zuid-Afrika
1903
The Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika changes its name to The Nederlandsche Bank voor Zuid-Afrika
Merger with Transvaalsche Bank en Handelsvereeniging
1925
The Nederlandsche Bank voor Zuid-Afrika merges with the Transvaalsche Bank en Handelsvereeniging, which was founded in 1892
Name change to The Netherlands Bank of South Africa
1951
The Nederlandsche Bank voor Zuid-Afrika is established as a South African banking company and changes its name to The Netherlands Bank of South Africa
Name change to Nedbank
1971
The Netherlands Bank of South Africa changes its name to Nedbank
Old Mutual becomes the major shareholder (53%) of Nedbank
1986
The bank is established in the Isle of Man
1987
The trust company is established in Guernsey as Fairbairn Reeds Trust
1990
A Jersey office is opened for the bank and trust company, named Copthall Trust
1994
Fairbairn Reeds Trust rebrands to Fairbairn Trust Company
1996
Restructure and rebrand
1997
Robert Fleming (Isle of Man/Jersey) Ltd restructured as Fleming Offshore, and the trust company rebranded as Fleming (Jersey) Trustees Limited
Fleming Offshore is acquired by Chase Manhattan, who subsequently merge with JPMorgan
2000
Rebrand to Gerrard Private bank
2001
Fleming Offshore is sold by JPMorgan Chase to a joint venture between Old Mutual/Nedbank Group and rebrands to Gerrard Private Bank
“A” credit rating
2002
We are the first British offshore island bank to receive independent “A” credit rating (A3/P2 Moody’s)
Rebrand to Fairbairn Private Bank and Fairbairn Trust Limited
2004
Gerrard Stockbrokers is sold to Barclays and Gerrard Private Bank rebrands to Fairbairn Private Bank and Fairbairn Trust Limited
UK branch opens
2008
We are the first British offshore island bank to open a branch in the UK (London)
100% Nedbank ownership
2009
Nedbank buys Old Mutual’s holding in Fairbairn Private Bank, Fairbairn Trust Company and Fairbairn Trust Limited – now 100% owned by Nedbank
Middle East office opens
2011
The bank and trust company open a joint Middle East office in the United Arab Emirates
Rebrand to Nedbank Private Wealth and Nedgroup Trust
2012
The bank rebrands to Nedbank Private Wealth and the two trust companies rebrand to Nedgroup Trust
Nedgroup Trust acquired by Suntera Global
2022
BECOME A CLIENT
Get in touch today to find out how our years of experience can help you grow your wealth
Our team is highly skilled and will help to understand your needs, giving you access to proactive help and efficiency through a single point of contact.
Our services are tailored to meet your financial needs/wants now and in the future. We support our clients across wealth planning, investment management and private banking.
Find out how we can help you today.