Standard Bank has appointed David Joshua to represent Standard Bank’s investment capabilities to corporate and intermediary clients in Jersey and Isle of Man.
Joshua will be responsible for ensuring that corporate and intermediary clients have full access to Standard Bank’s investment offering, through Melville Douglas, the bank’s boutique investment management arm, and its investment services which includes structured products and deposits sold on a discretionary and advisory basis.
Melville Douglas established itself as one of the main investment offerings in South Africa prior to becoming a wholly owned subsidiary of Standard Bank in 2001, and manages over $4bn of client assets.
Joshua joins Standard Bank from Santander Corporate Bank, where he was a relationship director working with offshore and onshore investment platforms. Prior to Santander, Joshua worked as a discretionary wealth manager for HSBC in London.
Standard Bank saw its head of structured products, Herman Wessels, leaving the bank in May last year, to be replaced by Chris Berry (pictured) who now heads structured products for the Standard Bank Offshore Group.
Standard Bank has marketed over 100 structured products through Standard Bank Offshore, its offshore subsidiary in Jersey and Isle of Man, of which 72 products are still live, according to SRP data. Of these, 71 products are part of the bank’s Quantum Plus deposit range and the bank’s first structured note (Defined Return Note 1), a three-and-a-half year fully protected digital play linked to the FTSE 100 index.