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Absa Capital Excels at JSE Spire Awards  

 11/2/2010 

Last night Absa Capital took overall top honours in the annual JSE Spire Awards when it was named Best Bond House, Best Fixed Income House and Best Research House, underpinning a solid year for the investment banking division of Absa Bank Ltd.

The Spire Awards crown a consistently strong performance from the Fixed Income team across the year, with Absa Capital claiming first place in 12 out of the 18 categories that the investment bank was eligible to enter.

Outside of the overall top three categories (Best Bond House, Best Fixed Income House and Best Research House) Absa Capital was also placed first in the following sub-categories:

  • Best Sales and Structuring Teams – Cash Bonds
  • Best Inflation Team
  • Best OTC Interest Rate Derivatives Team – Market Making
  • Best OTC Interest Rate Derivatives Team – Sales and Structuring
  • Best Interest Rate Research Team – General FIC Research
  • Best Interest Rate Research Team – Credit Research
  • Best Interest Rate Research Team – Quantitative Research
  • Best Broking Team – Listed Interest Rate Derivatives
  • Best Broking Team – Listed Currency Derivatives

Absa Capital also came second in two further categories. In a departure from previous years, second place was only awarded if the second placed candidate was within 15% of the winner. The firm’s second place rankings included Best Market Making Team – Cash Bonds and Best Debt Origination Team.

Commenting on last night’s accolade, Stephen van Coller, CE of Absa Capital said: “We are delighted to feature so prominently across so many of the Spire Award categories, as it underscores the impact of our client centric approach as well as our unique fully local, fully global business model articulated through our affiliation to Barclays Capital.”

This latest achievement underlines this year’s earlier successes when Absa Capital’s Debt Capital Markets team was ranked #1 by Bloomberg on the Bloomberg 2010 Underwriter Rankings league table and was named Best Debt House in emeafinance’s African Banking Achievement Awards.

In addition, in October, Absa Capital was ranked ‘Overall – Top Bank’ in the annual 2010 Risk South Africa Rankings survey.

The JSE Spire Awards is an annual event and recognises those individuals and teams who have used talent, intelligence and commitment to contribute to the fixed income market in South Africa.

Ends…

Note to the editor:

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:
FD Media & Investor Relations
Wendy du Plessis
+27 11 214 2418
+27 83 949 6713
wendy.duplessis@fd.com

For further information contact:
Graeme Coetzee
Associate Principal
Marketing and Corporate Communications
Absa Capital
+27 11 895 6695
+27 79 695 9798
graeme.coetzee@absacapital.com

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