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Our heritage

We are proud of our international heritage, as well as being part of the communities of the Isle of Man since 1987, Guernsey since 1990, Jersey since 1994, London since 1998 and Dubai since 2011.

Our history

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.

 

Based on these firm foundations, we have developed a comprehensive wealth management and private banking operation on behalf of a wide range of clients. These include private individuals, families, non-trading companies and trusts.

 

Through our parent company, Nedbank Group, we have built our reputation on personal relationships, consistency and careful attention to clients’ needs over time.

Nedbank Group is one of South Africa’s ‘big five’ banks listed on the Johannesburg Stock Exchange.

 

It offers a range of wholesale and retail banking services, which includes a wealth offering and our sister company, Nedbank Private Wealth South Africa. The Nedbank Private Wealth brand was launched in 2012 when both companies were brought together under the Nedbank brand.

We are rated Baa3 by Moody’s reflecting our highly liquid, well capitalised and relatively low-risk approach to business.

 

With the stability and financial strength of an international group underpinning a vast range of opportunities to grow and protect your wealth, it is still the personal touch which really sets us apart.

Financial Statement

Download Nedbank Private Wealth’s latest financial statement for the period ending 31 December 2019. We publish the statements on an annual basis as soon as they are available.

Our history timeline

1834 – The South African Association for the Administration and Settlement of Estates was established

 

1838 – The Board of Executors was formed

 

1888 – The Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika was founded

 

1903 – The Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika changed its name to The Nederlandsche Bank voor Zuid-Afrika

 

1925 – The Nederlandsche Bank voor Zuid-Afrika merged with the Transvaalsche Bank en Handelsvereeniging, which had been founded in 1892

 

1951 – The Nederlandsche Bank voor Zuid-Afrika was established as a South African banking company and changed its name to The Netherlands Bank of South Africa 

 

1971 – The Netherlands Bank of South Africa changed its name to Nedbank

 

1986 – Old Mutual became the major shareholder (53%) of Nedbank

 

1987- The bank was established in the Isle of Man

 

1990- The trust company was established in Guernsey as Fairbairn Reeds Trust

 

1994 – A Jersey office was opened for the bank and also the trust company, “Copthall Trust”

1996 – Fairbairn Reeds Trust rebranded to Fairbairn Trust Company

 

1997 – Robert Fleming (Isle of Man/Jersey) Ltd restructured as Fleming Offshore, and the trust company rebranded as Fleming (Jersey) Trustees Limited

2000 – Fleming Offshore acquired by Chase Manhattan, who subsequently merged with JPMorgan 

 

2001 – Fleming Offshore is sold by JPMorgan Chase to a joint venture between Old Mutual/Nedbank Group and rebranded to Gerrard Private Bank 

2002 – We are the first British offshore island bank to receive independent “A” credit rating (A3/P2 Moody’s)

2004 – Gerrard Stockbrokers is sold to Barclays and Gerrard Private Bank rebrands to Fairbairn Private Bank and Fairbairn Trust Limited 

2008 – We are the first British offshore island bank to open a branch in the UK (London)

2009 – Nedbank buys Old Mutual’s holding in Fairbairn Private Bank, Fairbairn Trust Company and Fairbairn Trust Limited – now 100% owned by Nedbank

 

2011 – The bank and trust company open a joint Middle East office in the United Arab Emirates

2012 – Rebranded the bank to Nedbank Private Wealth and the two trust companies to Nedgroup Trust

Get in touch

If you are interested in becoming a client so we can help you achieve your wealth goals, please contact us using the below become a client form. Alternatively, if you are already a client, or if you have a question as to how we help clients in particular circumstances, please use the contact us form. Just click on either button to open each form.

 

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.

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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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