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Absa’s Corporate and Investment Banking division ranked top overall bank for 4th consecutive year  

 10/10/2013 

The Corporate and Investment Banking division of Absa Bank Ltd (Absa), member of Barclays, has been named top overall bank in the Risk South Africa Rankings 2013 survey for the fourth consecutive year.

Absa also retained its first position ranking from last year for FX Products (Overall) as well as Repurchase Agreements, Forward Rate Agreements, FX Options (US Dollar / Rand), FX Swaps (US Dollar / Rand), and Exchange Traded Funds. The bank improved from second to first in FX Forwards (US Dollar / Rand) and Credit Default Swaps.

“Helping our clients achieve their goals in the right way is paramount to our client-centric, fully local and fully global proposition,” said Stephen van Coller, Chief Executive of the Corporate and Investment Banking division of Absa.

“Being recognised as the top overall bank for the fourth consecutive year, is not only an unprecedented achievement, but a reflection of the relevance of our approach,” added van Coller.

The rankings are based on votes from dealers, brokers, corporates and asset managers in South Africa. Participants were asked to vote for their top dealers in categories in which they had traded over the past year.

Ends

Note to the editor:

About Corporate and Investment Banking at Absa:
Corporate and Investment Banking, a division of Absa Bank Limited (Absa), member of Barclays, is a leading South African corporate and investment bank with global reach, offering clients financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.

About the Risk South Africa Rankings survey
Risk magazine is a leading global financial risk management magazine and its highly influential survey - the Risk South Africa Rankings - forms part of a series of surveys conducted across a range of sectors in the financial and capital markets.

Issued by:
FTI Consulting
Stuart Meyer
011 214 2408
083 618 7260
stuart.meyer@fticonsulting.com

For further information contact:
Graeme Coetzee
Principal
Marketing and Corporate Communications
Absa Capital
011 895 6695
079 695 9798
graeme.coetzee@absacapital.com

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