This November, Standard Bank Trust Company (Mauritius) Limited (SBTCM) celebrates 25 years of providing international private client, family office and corporate fiduciary services for families, businesses and investors working within and connected to Africa.
The business provides a flexible and comprehensive fiduciary offering, including the set-up of a variety of structures, such as discretionary trusts, foundations, private trust companies, purpose trusts, private companies, family investment companies, and special purpose vehicles.
A remarkable journey
Jonathan Sprigg, Head of Fiduciary Services at Standard Bank Offshore, has been with the business right from the start. “As I reflect on Standard Bank’s presence in Mauritius over the past 25 years, I am filled with immense pride and gratitude,” he says. “It has been a remarkable journey witnessing the growth and maturation of our business in this vibrant market. From humble beginnings, we have evolved into a trusted financial partner, supporting the aspirations of individuals and businesses alike.”
Jaco Van Jaarsveld, Head of Fiduciary Services, Mauritius, concurs, adding “Many of our people have been with us since the start of our journey, and they have made a huge contribution to the success of our business, which continues to go from strength to strength.”
“We are particularly excited about a new initiative we have launched in collaboration with Standard Bank Business and Commercial Banking (BCB) which will enable us to broaden our offering to service Africa’s family-owned businesses and mid-sized corporates,” van Jaarsveld continues. “The combination of our banking and fiduciary capabilities will allow us to take a streamlined and integrated approach to creating effective holding structures and strategies.”
Giving back to the community
Standard Bank Group is committed to driving sustainable, inclusive growth in all the markets in which it operates, and SBTCM is no exception. The team passionately engages in impactful initiatives aimed at improving and sustaining their local community and the environment.
The team regularly volunteers their time and resources in support of good causes, including the All Life Matters Animal Sanctuary, Reef Conservation and the Centre d’Education et de Dėveloppement pour les Enfants Mauriciens (Education and Development Centre for Mauritian Children).
“As a local business, we believe in giving back to the community,” says Sprigg. “Our commitment to social, economic and environmental (SEE) practices goes beyond our business operations to make a tangible difference in the lives of those who need it most.”
Looking ahead
Both Sprigg and Van Jaarsveld agree that the cornerstone of SBTCM’s success over the past 25 years has been its continued focus on excellence, innovation, and customer-centricity.
“The dedication and hard work of our team, coupled with the unwavering support of our clients, have been instrumental in us achieving this milestone,” says Sprigg. “As we look to the future, I am confident that Standard Bank will continue to play a pivotal role in driving economic growth and prosperity in Mauritius. We look forward to many more years of success and meaningful contributions to the community.”
