Standard Bank Group (SBG) has affirmed its status as one of Africa's leading corporate and investment banks, having being acknowledged as the Best Investment Bank in Africa for 2011 in the annual EMEA Finance magazine awards.
In addition, Standard Bank Group won EMEA Finance awards as the Best Investment Bank in eight other African countries: South Africa, Nigeria, Botswana, Ghana, Kenya, Malawi, Swaziland and Tanzania.
Standard Bank Group also won Best Bank in Malawi and Zimbabwe and Best Broker in Nigeria.
Standard Bank Group has been a market leader in its corporate banking business in many markets and has also focused on its investment banking business to ensure that the best people and products are available to service clients.
Management built on its corporate banking business platform from both the private and public sector to strengthen its investment banking franchise by building teams with strong global and domestic expertise. Investment banking is a critical delivery mechanism for banks into the key sectors: infrastructure development, commodities, oil and gas and telecommunications in Africa.
Standard Bank Group has seen growth in demand across Africa for its activities in investment banking including advisory services, structured finance and equity and debt capital markets.
In support of its clients, Standard Bank Group has facilitated nearly US$6-billion in merger and acquisition finance in the last year and lending levels are as high as before the pre-global financial crisis levels of 2008.
"We will continue to invest in specialist product teams and infrastructure capacity in select African markets. We remain focused on our areas of expertise: natural resources and renewables, power and infrastructure, telecommunications and links to other key markets. We will continue to position our corporate and investment business to facilitate and capture financing and advisory opportunities associated with these flows," says Richard Gush, Chief Executive of Corporate & Investment Banking Africa at Standard Bank Group.
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