Tuesday, October 13, 2009

Standard Bank wins ‘Best Investment Bank from Africa’ Award

Standard Bank reinforced its credentials as a leading emerging market bank, winning the prestigious ‘Best Investment Bank from Africa’, award in The Banker’s Investment Banking Awards 2009.

The Awards, held at London’s Waldorf Hilton Hotel, recognizes excellence in investment banking around the world.

Standard Bank (20% owned by ICBC, the biggest bank in the world) - is the largest African banking group ranked by assets and earnings and operates in 17 countries in Africa, employing more than 50,000 people.

Commenting, Brian Caplen, Editor of The Banker magazine said: "We are very pleased to recognize Standard Bank's achievements in building up an investment banking presence across Africa and especially in some of the frontier markets. The bank has also been in a strong position to take advantage of international opportunities such as purchasing a stake in Troika Dialog in Russia. It's a successful formula that will be watched with interest in the months ahead."

Rupert Boyd, Managing Director, Global Head of Investor Coverage, Standard Bank, Corporate and Investment Banking said: “Standard Bank has an unparalleled depth of personnel and expertise in Africa and has been actively involved in the continent’s economic fortunes for over 145 years. While this award recognizes this fact, it is also a reflection of some of the innovative and unique deals that the team have been involved in over the past twelve months; whether that be acting as Joint Issuing House/Arranger and Primary Dealer to the N275 billion Lagos State Debt Issue or as the Lead Mandated Arranger of the USD240 million Tanesco Limited loan. Furthermore, our strategic partnership with Industrial and Commercial Bank of China has laid the foundation for significant expansion of trade and investment between China and Africa, and has been a defining milestone for Standard Bank.”

Standard Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for over 145 years, and now spans 17 countries across the African continent. Its international expansion has taken it to 16 countries outside Africa

Standard Bank Plc in London is the bank's principal international subsidiary. It is authorised and regulated by the Financial Services Authority, and is a member of the London Stock Exchange, the London Bullion Market Association, the London Metal Exchange, the London Platinum and Palladium Market and the New York Mercantile Exchange (COMEX Division).
Source: Esi Johnson/platformghana.com

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