Bank One Limited: Best Custodian Bank Indian Ocean 2024

Bank One Limited, a Mauritian commercial bank established in 2008 through a joint venture between CIEL Finance Limited and Kenya’s I&M Group PLC, leverages its significant presence in sub-Saharan Africa to diversify and broaden its client base into regions including Madagascar, Kenya, Tanzania, Rwanda, and Uganda, positioning Mauritius as a burgeoning private wealth hub for the continent. With a robust custodian network that spans over 50+ countries and Euroclear as its main depository, the bank provides clients — ranging from individuals to financial institutions — with unparalleled access to expert insights on both local and international levels, ensuring the safety of securities and assets off-balance sheet while utilising Euroclear’s high credit ratings for secure settlements. In 2023, Bank One’s Private Banking & Wealth Management recorded a landmark year. Its B2B custody platform, initiated in 2017, has significantly boosted the bank’s assets under management to over one billion USD, supported by expansions and new partnerships leading regional financial institutions. The bank places a high value on its experienced team and strong cross-border partnerships, continuously driving forward digital innovation in its services, exemplified by its cutting-edge custody portal which offers instant reporting and real-time pricing through Bloomberg. The CFI.co Judging Panel congratulates Bank One Limited on winning the 2024 award for Best Custodian Bank (Indian Ocean).