New 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 is the eighth time that MCB has received this distinction, three times consecutively.
In its comments, PWM/The Banker highlights how the bank’s Private Banking activities underwent rebranding to become ‘M.’ ‘The new M logo, which has also been awarded, unfolds at the center of a stylized lotus flower. It aims to symbolize the importance of virtuous ecosystems that create value.’ Based on this observation, the publication notes that MCB, operating in a country vulnerable to climate change, is particularly sensitive to issues related to sustainable development. ‘It is not surprising to note that environmental awareness is an integral part of the bank’s strategies, ranging from the emphasis on Environmental, Social, and Governance (ESG) investments to its eco-responsible building,’ PWM also emphasizes in its comments.
The publication also notes how MCB is now more adept at attracting local and international investors looking for high-quality fintech services and specialized investment expertise. It also highlights that the bank has specialized in investments on the African continent.
For PWM, MCB also emphasizes the ‘democratization of investment,’ leading to a reduction in the minimum required 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 Best Private Bank in Mauritius 2023 award from PWM/The Banker reflects the exceptional service, innovation, and excellence in customer service of the leading private banks worldwide. This award demonstrates that MCB is among the institutions providing tailor-made 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 leadership position in the private banking segment in Mauritius.”