NAIROBI, Kenya, Oct 2 – Barclays Africa has won the best Domestic Cash Management House award in six African countries by the prestigious global news publication Euromoney.
Barclays Africa received the award for the first time in Botswana, Ghana, Kenya, South Africa, Zambia and Zimbabwe, as well as for the third time in the United Kingdom.
Commenting on the award, Chief Executive of the Corporate and Investment Banking division of Barclays Africa Stephen Van Coller said Barclays’ unique cash management capabilities, combined with financing, risk management, advisory and investment banking services played a role in winning the award.
“We are honoured to be recognised by our clients as the best domestic cash house in six African markets, this is a clear testament to the benefit that our clients are gaining through the combination of local presence and global expertise that only Barclays can provide on the African continent,” Coller said.
The Euromoney Cash Management Survey is the most comprehensive guide to the cash management arena in the market, recognising leadership in cash management across a range of markets and criteria. It is widely considered the benchmark survey for the global cash management industry.
The winner is selected by leading cash managers, treasurers and financial officers worldwide. This year, Euromoney received a record 24,442 responses.
Barclays Africa is upgrading its Corporate Banking offering through the rollout of Barclays.Net and File Gateway across Africa, which will help to simplify and streamline the client experience.
In addition, standardised payments infrastructure is also currently being implemented.
“Just one year after establishing Barclays Africa Group, these awards symbolise a significant milestone in our journey to become the ‘Go-To’ bank in Africa for our clients,” added van Coller.
“We have a compelling advantage in Corporate and Investment Banking and it is a key segment for the group. We are making the requisite investments to drive its growth to ensure that we deliver on the targets and commitments we made to the market and our clients.