The COVID-19 Great Lockdown has forcibly redefined the global economy and reshaped the investment landscape. Businesses worldwide have had to adjust and grow accustomed to a new normal. Wealth Management, which relies heavily on the evolution of global financial markets, was not immune to this situation and had to adapt to these unexpected changes. At SBM Private Wealth, we were no exception.
We experienced similar challenges as our local and international counterparts. These challenges emanated from multiple facets of the business. On the one hand, we had to ensure business continuity by tackling unprecedented operational risks and, most importantly, by implementing innovative measures to ensure client and employee safety. On the other hand, we had to manage investors’ expectations and rebalance investment portfolios amid the fastest-ever fall of financial markets into bear territory, mainly driven by fear and panic-selling.
At the very outset, optimising the use of digital and online channels was the most feasible option to maintain client interaction and engagement during the lockdown period in Mauritius. We constantly communicated with our clients on their long-term investment objectives by providing them with up-to-date analysis of market evolution and outlook.
While the COVID-19 pandemic is still very much an international issue, we are pursuing our strategy based on managed portfolios and innovative structured solutions offerings, tailored to meet our clients’ profile through our dedicated Portfolio and Relationship Managers. We seek to further broaden our range of investment offerings with multifarious opportunities aimed at growing the wealth of our investors over time.
Since its creation, SBM Private Wealth has been catering to the banking and investment needs of local as well as foreign Ultra-High-Net-Worth Individuals and Families through a wealth management service. This has been achieved by refining our value proposition and building a strong wealth management team.
Our partnerships with internationally renowned institutions such as Julius Baer, one of the leading Swiss Private Banks, give us access to a wide array of product offerings which are part of our investment portfolio. Such collaborations allow our dedicated Relationship Managers to be proactive in catering to the specific needs of our High-Net-Worth Clients and Family Offices.
With SBM Group’s extended geographic presence across two main continents, Africa and Asia, we are able to target clients from a wider base and provide them with proximity services while maintaining excellence in delivery through a centralised solutions development capability. This gives us the leeway to provide investors with seamless access to these markets and surrounding regions.
Learn more about SBM Private Wealth here.
Pravish Halkhoree
Wealth Management Lead