16 July 2013
South Africa’s Standard Bank was named the best investment bank in Africa by international finance magazine Euromoney at the magazine’s annual Awards for Excellence ceremony in London last week.
It was also named best equity house and best risk manager on the continent.
“Winning these awards is particularly significant as it is an acknowledgement of our commitment to our clients as they grow in and across Africa,” Standard Bank Corporate and Investment Banking CEO David Munro said in a statement.
“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.”
It was the 23rd edition of the awards, and Euromoney judges had to choose between over 600 banks and brokerage houses by examining key performance indicators, financial ratios and innovations.
“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,” Munro said.
“The bank has benefited from its expansion in Africa, pushing it ahead of the competition,” said Euromoney editor Clive Horwood.
“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,” Horwood said.