In a category that still largely defines wealth as something exclusively material — a nice car, a big house and other fancy belongings — banks have an opportunity to resonate more deeply with their target customers if they evolve their advertising to reflect their audiences' evolving perspective on wealth, says M&C Saatchi Abel Head of Strategy, Makosha Maja-Rasethaba.
"It was an emotive execution that resonates
deeply because it's rooted in audience insights and purpose. We knew that
we needed to be sharp with the campaign to position Standard Bank as the most
desired Private Bank in Africa, building affinity with a youthful, affluent
audience," says Maja-Rasethaba.
"We boldly
shifted our perspective on wealth for our new campaign. Our audience has
evolved, and for many, the idea of wealth has expanded. Today, wealth is
defined as multifaceted, encompassing the physical, mental, social time and of
course, financial. Financial wealth is naturally important and in a lot of ways
fundamental — it is a trigger to unlock the other types of wealth. So, the
campaign tells the story of the types of experiences that a wealthy life
enables and expresses it as ‘'ving wealthy,'" adds Maja-Rasethaba.
Susan Steward,
Executive Head of Marketing for Standard Bank Personal and Private Banking, says
the campaign's positioning is supported by the bank’s product and service
offering.
"The campaign, which speaks to helping clients grow wealthier every
day in every way, is supported by our extensive network of bankers and advisers
providing expert guidance, as well as by our diverse range of solutions and
services. Standard Bank Private's suite of products and services are designed
to help our clients maximise their financial potential, and our lifestyle
rewards are crafted to enhance their experiences. The campaign is authentic and
deliberate," says Steward.
Keno Smith,
Head of Brand and Marketing at Standard Bank Private, says the bank focuses
on its clients' wealth journeys and aspirations. "At Standard Bank Private, our focus is on growing our clients' wealth. They have big dreams, ambitions and goals, and we're here to accelerate their growth. We're passionate about
supporting our clients' financial journeys and understand that success is about
more than just financial, it's about who they want to become, what they want to
achieve and where they want to take their ambitions."
M&C Saatchi
Abel Executive Creative Director, Verona Meyer, says the agency wanted to tell
a human story, one that is relatable and emotive. "It needed to be authentic.
The advertisement zooms in on people's most intimate moments as they celebrate
the many benefits and joys of a wealthy life. We used the classic earworm, 'Favourite Things,' to subtly express that a wealthy life is one that's filled
with all your favourite things and having the time to experience that life with
the people that mean the most to you."
Meyer concludes, "Our
relationship is underpinned by a deep sense of trust, shared ambition and
mutual respect. This underpins every brief. We're not just executing
campaigns — we're building together, challenging each other and staying closely
aligned on the 'why' behind the work. That level of openness creates space for
bold ideas, sharp execution, and ultimately, work that resonates deeply because
it's rooted in real insight and purpose."
For more information, visit www.standardbank.co.za. You can also follow Standard Bank on Facebook, LinkedIn, or on X.
*Image courtesy of contributor