12 July 2013
Standard Bank Group named Best Investment Bank in Africa by Euromoney
Standard Bank Group has been named Best Investment Bank in Africa, as well as the
Best Bank in South Africa, by prestigious international finance magazine Euromoney.
The awards were presented on 11 July at the 2013 Euromoney Awards for Excellence
function in London.
Standard Bank Group also received awards for Best Equity House and Best Risk Manager
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
David Munro, Chief Executive of Standard Bank Group's Corporate and Investment Banking
division, says: "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 coordinated client relationships."
In recognising Standard Bank Group 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.
"In South Africa, for example, Standard Bank advised on two of the year's most important
M&A [merger and acquisition] deals. In Nigeria, Standard Bank advised on the $210
million investment in telecoms firm Starcomms by the Capcom consortium, and on the
$190 million acquisition of Dangote Flour Mills by Johannesburg-listed consumer-goods
firm Tiger Brands.
"Standard Bank's African capital markets franchise similarly posts an outstanding
mix of both South African and non-South African deals, particularly in equity Standard
Bank further remains perhaps the most prominent international book-runner on local-currency
bonds across Africa, both in South Africa for firms like Mercedes Benz and Macquarie,
as well as in markets like Mauritius, Mozambique, and above all Nigeria.
"The South African group was book-runner on two of the biggest naira bond deals
of the year, including the N80 billion seven-year bond for Lagos State, which was
the largest issuance ever by a Nigerian State or sub-national."
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.
Euromoney is the flagship magazine title of London based financial communications
company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant,
Euromoney Magazine is the voice of the international capital markets and for over
40 years has offered unparalleled coverage of the global bond, equity and foreign
exchange markets Euromoney Institutional Investor PLC is a constituent of the FTSE-250
index and is listed on the London and Luxembourg Stock Exchanges. See www.euromoney.com.