Standard Bank Wins In Prestigious 2009 Africa Investor Awards

| Monday March 16, 2009 00:00

The Awards were presented at a gala ceremony held at the Paris Stock Exchange in Paris.

Standard Bank received four nominations in the competition; one for the Best Financial Reporting Company in the Banking Sector and, most significantly, three nominations for best analysts of the year for banking and other sectors, for Analysts based in Nigeria, and the UK.

The winners, from Standard Bank's Nigerian subsidiary, Stanbic IBTC Bank, Yemi Kale and Muyiwa Oni were nominated as best analyst in the banking sector.

In the best analyst in other sectors, Kale was again nominated with colleague Bunmi Njugo along with Michael Hugman of Standard Bank PLC in London.

Accepting the award on behalf of Standard Bank, Robert van Eyden, Head of Global Research said 'This proves that Standard Bank is a leading African research house which has the research, analysis capabilities and skilled people strategically placed to offer their clients value-added information and investment services'.

Stanbic IBTC Bank, Chief Executive, Chris Newson says, 'The nominations and the awards also reinforce the Standard Bank belief that operating successfully in multiple markets around the globe requires an on-the-ground presence in key markets, like Nigeria.

This ensures that clients gain the benefit of local insights, expertise and benefit from a presence and network in key emerging markets that spans Africa and the globe'.

The African Investor is Africa's leading international benchmark and index provider, which works closely with the New York Stock Exchange Euronext, the world's leader for listings.

The awards are open to leading international analysts, financial journalists and investor relations professionals from Africa's leading publicly traded companies and cover categories ranging from Best Financial News Reporting: Best Financial Reporting Company( open to investor relations professionals within companies), and Best Analyst, which is open to all buy- and sell-side analysts covering African equities.

' We are therefore proud on two levels  to have won the 2009 Ai awards as they recognize not only the skills of our people in Africa, but add independent confirmation of the success of our corporate strategy in emerging markets,'  Van Eyden concluded.