Standard Bank has been named as a Magic Circle Trust Company by Citywealth in their 2023 Magic Circle Awards. At a prestigious awards ceremony held on 17th May 2023 in London, Standard Bank’s International Trust and Fiduciary Services team received the bronze award for Trust Company of the Year, competing against other leading trust companies in the industry.

The awards, now in their 17th year, provide industry recognition to leading law firms, trust companies, family offices, tax advisers, and investment managers. Considering factors such as growth and success, innovation to clients, sustainability, and leadership, winners are decided by a panel of independent judges and public voting.

“It is an absolute honour and delight to be included in the list of Magic Circle companies. The Trust Company of the Year category was especially competitive this year with some very well-known industry names being shortlisted and vying for the award”, says Michael Giraud, Head of Fiduciary Services in Jersey. “This bronze award is further recognition of our increasingly unique offering in the market, combining the expertise and depth of Africa’s largest bank by assets with the flexibility of a boutique fiduciary services provider.”

Standard Bank is a leading provider of private client and corporate fiduciary services, establishing and administering complex and bespoke offshore fiduciary structures for over 100 years. With a robust and agile offering focussed on African connected and UK resident families, the trust business offers its clients access to the wider group’s award-winning services, extensive IT infrastructure and data security, and world-class risk and governance frameworks.

“This award is further testament to our team’s expertise and their commitment to delivering excellent client service. Our unique understanding of families’ needs and our exceptional staff mean that we have the privilege to serve multiple generations of families,” says Jonathan Sprigg, Head of Fiduciary Services. “I’d like to thank everyone that took the time to vote for us – it is fantastic to be recognised for an award that includes both independent scrutiny and wider industry support. This achievement further motivates us to continue our unwavering dedication in providing exceptional fiduciary services and building lasting relationships with our clients.”