NCBA Bank has reaffirmed its commitment to holistic wealth management by hosting an exclusive Estate Succession Planning Forum for its Platinum Banking customers in Kisumu. The high-level engagement brought together industry experts, legal practitioners, and NCBA executives. The meeting was set to address key elements of estate planning, including wills, trusts, and tax implications.
Speaking during the event, Dennis Njau, Acting Group Director of Retail Banking at NCBA, emphasized the bank’s commitment to providing clients with services beyond the bank. “We recognise that our customers are seeking comprehensive financial advice not just on investments, other aspects as well, including legal and estate matters. This forum is part of our continuous endeavour to walk hand in hand with them on the journey to economic freedom, providing them with the right information to protect their heritage,” he said.
The session featured insights from NCBA’s legal partner, Owiti, Otieno & Ragot Advocates, and the NCBA Bancassurance Life team, who led discussions on succession planning tools and their tax implications. NCBA Insurance representatives also emphasized the importance of early and structured succession planning to avoid future disputes and ensure smooth wealth transfer across generations.
Recent global research highlights the growing importance of estate planning among high-net-worth individuals. A joint report by McKinsey and Bloomberg reveals that 60% of wealthy clients now prioritize holistic financial advice, including legal and succession planning, over traditional investment offerings. Yet, Knight Frank’s Africa Wealth Report reveals a worrying gap while over 70% of Kenya’s wealthy intend to pass on their wealth within a decade, only 30% have formal succession plans.
The event comes amid optimistic economic projections. The World Bank estimates Kenya’s economy will grow by 5.2% in 2025, buoyed by rising private sector investment and reduced domestic borrowing. This growth trajectory provides fertile ground for long-term wealth planning.
NCBA said the forum is part of a broader strategy to enhance its Platinum Customer Value Proposition (CVP), aiming to integrate value-added advisory services into its banking offering. As customer needs evolve, the bank is positioning itself not just as a financial institution, but as a trusted partner in legacy and wealth planning.
Through initiatives like the Kisumu succession forum. NCBA continues to strengthen its role as a forward-thinking wealth advisor, empowering clients to make informed decisions for future generations.