It is the 37th company to agree such a deal with FEIFA, according to Paul Stanfield, chief executive of the UK-based organisation, which represents European financial advisers.
Standard Bank Offshore, an Isle of Man-based arm of the Standard Bank Group of South Africa, also has offices in Jersey and Mauritius.
For FEIFA’s member organisations, the arrangement provides access to Standard Bank’s Optimum account, which is an interest-bearing current account available in a range of currencies that comes with a Visa debit card, online banking services and no maintenance fees as long as an average quarterly credit balance of £3,000, $5,000 or €5,000 is maintained.
By agreeing the deal with FEIFA, Standard Bank Offshore may hope to showcase its range of services for FEIFA’s clients, which include a raft of structured products and a Jersey-based asset management operation.
Other companies that are already part of FEIFA’s Partnership Programme include Neptune Investment Management, Aegon Investment Management, Prudential International, Friends Provident International and Lloyds TSB Investment Management.
FEIFA’s member companies operate across 24 European countries as well as on a number of other continents, and advise on assets totalling more than €2bn. The organisation was launched in August 2009.
