Absa Capital, the investment banking division of Absa Bank Ltd, has further underlined its claim on becoming South Africa’s leading investment bank through its strong showing in the annual Risk magazine survey for 2008.
Absa Capital was ranked first overall in the Currency Products category and second overall out of the ten firms surveyed, significantly closing the gap on the overall frontrunner. The gap between the first ranked bank and Absa Capital was narrowed to 0.6%.
Absa Capital recorded eight first positions in the surveyed categories.
Absa Capital performed strongly in Cross-Currency Swaps, Currency Forwards and Currency Options to walk way with the overall plaudits in the Currency Products category, but also performed very well in the Interest Rate category.
Individual stand-out performances were recorded in Interest Rate Swaps, Repurchase Agreements, Interest Rate Swaps, Interest Rate Exotics, and Forward-Rate Agreements.
The Equity Products category also saw Absa Capital lead in Exotic Equity Options and South African Equity Index Options.
“These results reflect our level of dedication to our clients and the levels of service we are delivering to them,” said Andrew Selby, Head of Sales, Absa Capital.
“We will continuously strive to improve the depth and breadth of our product offering as the client is at the centre of everything we do.”
The survey forms part of a series of surveys conducted by Risk magazine across a range of sectors in the financial and capital markets.
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.