Page 13 - SA Chamber UK MONTHLY NEWSLETTER - March 2024

ADVERTORIAL CONTENT
WHY EVERY LEADER NEEDS

A BANKER WHO BELIEVES

IN THEM

Pooja Naidoo, an Investec private banker, explains why personalised private
banking might solve some of the challenges you face in the UK.

Building a business can be both demanding and exhilarating, and it comes with many

financial challenges. Investec is a specialist bank founded by entrepreneurs and we offer
dedicated private banking to founders and leaders so you can focus on your overarching
ambitions. Our support includes bespoke mortgages, foreign exchange and savings
accounts in the UK, as well as fundraising and advisory services for your business.

Here’s some of the common questions we’re asked.

Why do business leaders need specialist private banking?

Pooja: As a business leader or senior professional, you may have a complex or irregular
income structure and your personal and business needs might overlap. This means you
need someone who creates bespoke solutions. We have a dedicated team of private

bankers who support South African clients with their UK needs. Our team includes
experts in mortgages and foreign exchange (FX) – and we can connect you with like-
minded entrepreneurs, professionals and business leaders too.

How do I manage foreign currency income or earnings?
Pooja: All private banking clients are provided with access to a dedicated Foreign

Exchange dealer. We tend to find that our international clients typically use our FX
services when they expand their global footprint and begin trading internationally.

To manage currency exposure and give greater certainty over personal income, we can
trade on a spot or forward basis, with forward contracts available up to 24 months in
advance. These are used when you have a future date or window in which you expect to
make a trade. We also run an order service, where we can take market orders and help

to monitor the markets.

In addition, Investec clients can hold up to 15 currencies in our Currency Access Accounts,
and payments of up to £100,000 can be made online. If you have foreign-exchange or

interest-rate exposure within your business, we can help you manage this too.

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SA CHAMBER UK NEWSLETTER MARCH 2024