Co-op Bank wins global award for private banking strategy

Co-op Bank wins global award for private banking strategy
L-R: Natalie Pirks, Broadcaster, Financial Times; Fredrick Okello, Head – Executive Banking, Co-op Bank; and Ben Muriuki, Head – Investor Relations & Strategy, Co-op Bank/courtesy

NAIROBI, Kenya, Nov 6 – Co-operative Bank of Kenya has been named Kenya’s Best Private Bank for Growth Strategy at the Global Private Banking Awards 2026 held in London on November 5.

The awards, organised by Professional Wealth Management (PWM) and The Banker, both publications of the Financial Times Group, recognise performance in private banking and wealth management.

The recognition follows the bank’s expansion of its Executive Banking business, which targets affluent and high-net-worth customers through dedicated banking facilities, advisory services and financial products.

Co-op Bank said it had revamped 43 Executive Banking centres and opened five premium Executive Plus lounges in Nairobi, Mombasa, Nakuru, Eldoret and Kisumu.

Its Executive Banking service has two tiers: Executive Banking for mass affluent customers and Executive Plus Banking for high-net-worth individuals.

The bank has also introduced a One Client, One Relationship Manager model, giving customers a single contact person for personal and business banking services.

The model brings together services such as trade finance, mortgages, asset finance, treasury and investments.

Co-op Bank has further expanded its wealth management services through a Virtual Wealth Desk that offers investment advice, stockbroking and asset management.

Its subsidiary, Co-optrust Investment Services Limited, manages more than Sh500 billion in assets, according to the bank.

The bank has also invested in digital platforms that allow customers to access investment products, including money market and bond funds, and monitor their portfolios online.