Access Bank UK Limited, a subsidiary of Access Bank Plc, has declared that its Assets under Management, AUM, in the private banking and asset management business increased by more than 200% to US$18.5 million in 2012.
The Bank, which launched in 2009, in a statement said, “The increase in AUM has been driven by the ability of Access Bank UK to deepen its client relationships by expanding its product portfolio to its clients beyond its traditional focus on banking and asset management services. AUM had continued to grow and now stand at US$66 million.
“Buy-to-let property loans, investor visa and discretionary portfolio lending provide new routes for customers to access hard currency outside of Africa.
“The bank provides private banking services to African/Nigerian Ultra High Net Worth Individuals, UHNWIs, in the UK and sub-Saharan Africa.
“Services provided include traditional private banking services, property and discretionary portfolio lending.”
