Wesbank

Barclays Africa bags Euromoney awards

SHARE   |   Monday, 20 October 2014   |   By Othusitse Tlhobogang

Following its recent awards for ‘Best Investment Bank in Africa’ and ‘Best M&A House in Africa’, Barclays Africa has now been named ‘Best Domestic Cash Management House’ in six African countries by the prestigious global news publication Euromoney.

Barclays Africa received the award for the first time in Botswana, Ghana, Kenya, South Africa, Zambia and Zimbabwe, as well as for the third time in the UK. The impressive series of accolades underscores the group’s dynamic, client-orientated corporate and investment banking offering across the continent.

The Euromoney Cash Management Survey is the most comprehensive guide to the cash management arena in the market, recognising leadership in cash management across a range of markets and criteria. It is widely considered the benchmark survey for the global cash management industry.

The winner is selected by leading cash managers, treasurers and financial officers worldwide. This year, Euromoney received a record 24,442 responses.

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“We are honoured to be recognised by our clients as the best domestic cash house in six African markets,” said Stephen van Coller, Chief Executive of the Corporate and Investment Banking division of Barclays Africa. “This is a clear testament to the benefit that our clients are gaining through the combination of local presence and global expertise that only Barclays can provide on the African continent.”

Barclays Africa maintains an offering built on excellent client penetration and service, market-leading technology, and the strength and breadth of its products. Demonstrating the group’s on-going commitment to providing state-of-the-art technology to clients, Barclays Africa is upgrading its Corporate Banking offering through the rollout of Barclays.Net and File Gateway across Africa, which will help to simplify and streamline the client experience. In addition, standardised payments infrastructure is also currently being implemented.

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“Just one year after establishing Barclays Africa Group, these awards symbolise a significant milestone in our journey to become the ‘Go-To’ bank in Africa for our clients,” added van Coller. “We have a compelling advantage in Corporate and Investment Banking and it is a key segment for the group. We are making the requisite investments to drive its growth to ensure that we deliver on the targets and commitments we made to the market and our clients.”

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Barclays’ unique cash management capabilities, combined with financing, risk management, advisory and investment banking services played a role in winning the award.

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Corporate and Investment Banking from Barclays Africa provides clients with access to a leading corporate and investment bank with global reach, offering financing, risk management and advisory solutions in a wide range of currencies and structures across the globe.

Recent awards include:

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•‘Best Investment Bank in Africa’ Euromoney 2014 Awards for Excellence;

•‘Best M&A House in Africa’ Euromoney 2014 Awards for Excellence;

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•‘Overall African Deal of the Year’ Project Finance Deals of the Year 2013;

•‘Solar Deal of the Year’ World Finance 2013;

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•‘African Renewable Energy Deal of the Year’ PFI Awards 2013; and

•‘Best Securitisation and Structured Finance Deal in Africa’ The Banker Deals of the Year 2014.

About Euromoney Awards for Excellence

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The Euromoney Awards for Excellence continue to be the most respected awards in the financial services industry. Building on established criteria, Euromoney continues to combine quantitative data with informed and important subjective judgments to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers and industries