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Standard Bank to offer a wide range of solutions to its existing customers . Owning 54 % of the firm , Standard Bank is not just a majority owner of the unit , it has also entered into a bancassurance agreement with the Centre of Excellence , allowing both entities to deliver complete financial services solutions to their respective clients . It ’ s been a vital relationship according to Leon Vermaak , Standard Bank Group Head of Insurance , who points out that , because the business is “ unencumbered by legacy strategies and infrastructure ” it is able to develop “ future proof technologies ”. He adds : “ Keeping
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