Standard Bank Group has been awarded the prestigious Global Finance award for 2013 Best Foreign Exchange Provider in Africa. In addition Standard Bank Group was also named the Best Foreign Exchange Provider in four African countries: South Africa, Nigeria,Botswana and Zambia.
SJ Kok, Standard Bank Group's Head of Global Markets Sales in Africa, says the awards recognise Standard Bank's position as Africa's leader in the provision of foreign exchange services. He says Africa continues to be central to the Standard Bank Group's growth strategy.
Standard Bank Group is playing a leading role in local market development on the continent. Standard Bank has a strong Africa presence with a footprint in 18 African countries and an ability to provide foreign exchange pricing in 40 of the 54 Africa countries.
"Our on the ground presence combines effectively with strong economic research to deliver a high quality foreign exchange offering to our clients. In addition, our local currency risk appetite and trading capability enable Standard Bank to provide solutions that differentiate our offering from competitors on the continent."
"As a bank, we are passionate about building out our African franchise across client segments and geographies, so the growth that we are seeing in our customer business is encouraging" says Mr Kok.
With Africa's rich mineral endowment and growing middle class having captured the attention of investors globally, the increased investment from offshore and burgeoning economic activity on the ground makes the development of local markets inevitable. Standard Bank Group is exceptionally well positioned to continue leading the way in African market development.
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