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Absa Capital wins Risk survey’s overall top bank  

 10/14/2010 

Absa Capital, the investment banking division of Absa Bank Ltd, was ranked ‘Overall – Top Bank’ in the annual 2010 Risk South Africa Rankings survey and further excelled by winning two more overall categories and six other categories.

Outside of ‘Overall – Top Bank’ the firm also walked away with first places in the ‘Currency – Overall’ and ‘Equity Products – Overall’ awards.

Stephen van Coller, Chief Executive at Absa Capital, said: “These excellent results reflect our client-centric focus and our innovative product offering. We are delighted that our clients share this view and have voted so overwhelming in favour of Absa Capital's unique fully local, fully global business model that has been made possible by our close affiliation with Barclays Capital.”

The firm also recorded six first positions in the following surveyed categories, namely: Interest Rate Options; Currency Options; Currency Forwards; Exchange Traded Funds; Exotic Equity Options and South African OTC Single Stock Options.

“Our ambition remains focused on being the leading investment bank in sub-Saharan Africa, and we believe that, through results such as these, we are even closer to attaining that goal,” said van Coller.

Absa Capital was also recently ranked first in the ‘Dealing: Fixed Interest Securities’ category in the annual 2010 Financial Mail Ranking the Analysts survey, while its Debt Capital Markets team was recognised as ’Best Debt House’ in the recently announced emeafinance African Banking Achievement Awards.

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.

About Risk South Africa Rankings
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:
FD Beachhead
Grant Henry
+27 11 214 2406
+27 82 561 7172
grant.henry@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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