Standard Bank Namibia's impact on investment banking as lead or co-arranger of many capital investment deals, has again been recognised by EMEA Finance at its recent 10th African Banking Awards. This is the second time the bank's Investment Banking division receives the accolade.
Standard Bank may not be the biggest retail bank but through its South African parent and its Chinese linkages, it has access to a diversified, deep, global pool of capital from international investors. This enables the local bank often to astonish with its investment banking acumen, proving to be more than a match for the regional behemoth, RMB in the FirstRand stable.
Announcing the award, the bank said its Corporate and Investment Banking division serves more than 400 local clients including most local companies as well as multi-nationals in financial services, utilities and infrastructure, retail and the public sector.
For the second consecutive year, Standard Bank Namibia received the 'Best Investment Bank in Namibia' award at the 2017 edition of the African Banking Awards.
"EMEA Finance recognizes retail and investment banks, asset managers, brokers and advisers for their accomplishments across the year. Winners exemplify the sound, sustainable management required to switch gears and temper strategies when their business environments change direction," according to Standard Bank.
Head of Investment Banking, Letitea du Plessis said they "not only provides investment banking services to corporate clients inclusive of full service bank offerings, but endeavour to deliver customized and value-enhancing solutions that are tailored to address the developmental needs in the Namibian economy."
"Our success lies essentially in our local knowledge and strong relationships we have established with clients for many years combined with our expertise and global pool of business understanding across the markets," she said.
Through the Standard Bank Group, Standard Bank Namibia has a physical presence on the African continent with deep understanding of the markets in which it operates, focusing on clients' needs and priorities. Through its shareholders it also enjoys a presence in both North and South America, the United Kingdom, the Middle East and China.
"This gives our clients the benefit of having access to the latest innovative solutions in financial sectors across the world as well as enhancing our capability to raise capital internationally for our African clients," concluded du Plessis.
Pictures is the team that scooped the Best Investment Bank in Namibia award. From the left: Transaction Management Unit Manager Tjizomundu Kavetu, Investment Banking Manager Marco Triebner, Head Investment Banking Letitea du Plessis and Investment Banking Manager Gaby Van Eeden.