Best investment bank in Africa
Standard Bank was recently named Best Investment Bank in Africa, as well as the Best Bank in South Africa, by the prestigious international finance magazine Euromoney. The awards were presented earlier in July at the 2013 Euromoney Awards for Excellence in London.
Standard Bank also received awards for Best Equity House and Best Risk Manager in Africa.
Regarded as the benchmark awards for financial services globally, the Euromoney Awards for Excellence are now in their 23rd year. This year’s awards process began in April, attracting over 600 submissions from the world’s banks and brokerage houses. Euromoney’s dedicated research team and awards panel then rated all the submissions on both quantitative and qualitative factors such as key performance indicators, financial ratios and innovation over the 12-month period, to decide the category award winners.
David Munro, Chief Executive of Standard Bank Corporate and Investment Banking said, “Winning these awards is particularly significant as it is an acknowledgement of our commitment to our clients as they grow in and across Africa. Our clients are at the heart of everything that we do. We have a unique footprint and physical presence across Africa, global connectivity to serve Africa, unique sector expertise and a talented and experienced team, all of which reinforce our position as the leading financial services organisation on the continent.
“Our presence and experience across sub-Saharan Africa, our specialisation in natural resources, and our ability to connect African markets to each other and to China, Brazil, the Middle East and the developed world’s pools of capital, combined with a strong reputation and product expertise, afford Standard Bank a unique competitive position to build long-term and well co-ordinated client relationships.”
In recognising Standard Bank for the Best Investment Bank in Africa award, Euromoney editor Clive Horwood highlighted how “the bank has benefited from its expansion in Africa, pushing it ahead of the competition. It has a clear advantage in South Africa, where it is the biggest bank by assets. And it already transacts an extraordinary quantity and quality of deals further north too. In addition, Standard Bank remains perhaps the most prominent international book-runner on local-currency bonds across Africa.
The latest Euromoney awards add to Standard Bank Group’s list of accolades already received so far in 2013. These include winning 11 ‘EMEA Finance Achievement’ awards; the ‘African Deal of the Year’ award for Konkola Copper Mines financing in the 2013 Project Finance Deal of the Year Awards; ‘Commercial Deal of the Year’ in the 2013 Trade & Forfaiting Review Deals of the Year for arranging finance for commodities trader Export Trading Group; and being named ‘Best Trade Finance Bank in Africa’ by Global Finance.