NAIROBI, Kenya, Oct 10 – Standard Bank bagged the prestigious \’Best Investment Bank from Africa\’, award in The Banker\’s Investment Banking Awards 2009 reinforcing its credentials as a leading emerging market bank.
The Banker magazine editor Brian Caplen said the institution had been in a strong position to take advantage of international opportunities such as purchasing a stake in Troika Dialog in Russia.
He added the successful formula adopted by the bank would generate increased interest in the future.
"We are very pleased to recognize Standard Bank\’s achievements in building up an investment banking presence across Africa and especially in some of the frontier markets," he said.
Rupert Boyd Standard Bank Managing Director for Corporate and Investment Banking said the bank has had unparalleled depth of personnel and expertise in Africa and had been actively involved in the continent\’s economic fortunes for over 145 years.
"While this award recognizes this fact, it is a reflection of some of the innovative and unique deals that the team have been involved in over the past twelve months, whether that be acting as Joint Issuing House/Arranger and Primary Dealer to the N275 billion Lagos State Debt Issue or as the Lead Mandated Arranger of the USD240 million Tanesco Limited loan," he said.
The Awards, held at London\’s Waldorf Hilton Hotel last night, recognizes excellence in investment banking around the world.
Standard Bank is the largest African banking group, by assets and earnings with operations in 17 countries in Africa, employing over 50,000 people.
Standard Bank is 20 percent owned by Industrial & Commercial Bank of China, the biggest bank in the world.