Another accolade for MCB. The bank has indeed been awarded the title of “Best Private Bank in Mauritius 2023” by Professional Wealth Management (PWM) and The Banker, two specialized publications of the Financial Times group. This marks the eighth time that MCB has received this distinction, including three consecutive times.
In their comments, PWM/The Banker recalled how the bank’s Private Banking activities underwent a rebranding to become ‘M’. “The new M logo, which has also received awards, unfolds at the center of a stylized lotus flower. It aims to symbolize the importance of virtuous ecosystems that create value.” Building on this observation, the publication notes that MCB, operating from a country vulnerable to climate change, is particularly sensitive to sustainability issues. “It is not surprising to see that environmental consciousness is an integral part of the bank’s strategies, from the emphasis on Environmental, Social, and Governance (ESG) investments to its eco-responsible building,” PWM also highlights in its comments.
The publication also notes how MCB is now more adept at attracting local and international investors in search of high-quality fintech services and expertise in investment matters. It also highlights that the bank has specialized in investments on the African continent.
For PWM, MCB also places emphasis on the “democratization of investment,” which has led to a reduction in the minimum requirements for certain types of investments, a strategy that has resulted in the creation of new products for small investors.
Alain Law Min, CEO – MCB Ltd: “The PWM/The Banker Best Private Bank in Mauritius 2023 award testifies to the exceptional service, innovation, and excellence in customer service provided by the leading private banks worldwide. This award demonstrates that MCB is among the institutions that provide customized financial solutions and personalized wealth management services targeting the wealthiest clientele. I would like to congratulate all our clients and our Private Wealth Management team for making this success possible. This distinction underscores our commitment to providing exceptional financial services and reaffirms our leading position in the private banking segment in Mauritius.”
