Standard Bank Group scooped eight awards at the Global Finance Magazine awards ceremony for Global Finance Transaction Processing, at the annual SIBOS conference being held in Osaka, Japan.
Standard Bank Group’s awards span four categories, including foreign exchange, trade finance, treasury and cash management and sub-custodian banks.
The awards won include:
World’s Best Foreign Exchange Providers 2012:
Best FX Provider in Africa
Country awards for Best FX Provider in Nigeria (Stanbic IBTC) and South Africa
World’s Best Trade Finance Banks 2012:
Best Trade Finance Bank in Africa
Country award for Best Trade Finance Bank in South Africa
World’s Best Treasury & Cash Management Providers 2012:
Best Overall Bank for Cash Management in Africa
Best Provider of Money Market Funds in Africa
Best Bank for Payments & Collections in Africa
World’s Best Sub-Custodian Banks 2012:
Best Sub-Custodian in Nigeria (Stanbic IBTC)
Measured against specific criteria such as volume, market share and customer service, Standard Bank Group was chosen by the in house editorial team at Global Finance, with input from expert sources. Global Finance is a prestigious magazine which has a circulation of more than 50 000 and readers in 163 countries. Its readership includes chairmen, presidents, CEOs, CFOs, treasurers and other senior financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.
Neil Surgey, Head of Transactional Products and Services at Standard Bank Group commented, “These awards are a testament to our expertise in transaction banking across Africa and demonstrate Standard Bank’s commitment to providing solutions to meet the daily needs of our clients trading with, or in, the continent. We are pleased to receive these accolades from Global Finance which highlight the importance of our in depth knowledge of conducting business in Africa and the benefits of our on-the-ground presence in key markets.”