Absa Capital, the investment banking division of Absa Bank Ltd, has again excelled in the annual Risk magazine survey for 2009 by achieving first place in the Interest Rates category, up from second in 2008.
Absa Capital was also ranked second overall across all categories; the same position it achieved last year but by a narrower margin of only 0.2% between itself and the first placed bank.
Risk magazine is the world's leading financial risk management magazine and its highly influential survey forms part of a series of surveys conducted across a range of sectors in the financial and capital markets.
Andrew Selby, Head of Sales and Research at Absa Capital, said that the firm also recorded five ‘first’ positions in the surveyed categories, namely: Interest Rate Options; Repurchase Agreements; Forward Rate Agreements; Exotic Equity Options; and Exchange Traded Funds.
"These pleasing results reflect our client-centric focus and our innovative product offering. Our ambition remains to be the leading investment bank in sub-Saharan Africa and we believe that, through results such as these, we are even closer to closing the gap on the overall number one spot,” said Selby.
Absa Capital was also recently ranked second in the PricewaterhouseCoopers Banking Peer Review Survey in the Money Markets, Derivatives and Fixed Income category as well as second in the Euromoney FX Survey in the South African Rand category. Ends
About Absa Capital
Absa Capital, a division of Absa Bank Limited (Absa) and affiliated to Barclays Capital, is a leading South African investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.Issued by:
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