Barclays Africa named Best Investment Bank & M&A House in the continent
Besides, the monthly financial magazine has rated Guaranty Trust Bank Plc as the best bank in Nigeria and Africa at a glittering awards ceremony held at London’s Natural History Museum on July 10, 2014. (Image: Euromoney)
Barclays Africa Group was crowned with twin glory at the continent level, lifting both ‘Best Investment Bank in Africa’ and ‘Best M&A House in Africa’ titles at the Euromoney Awards for Excellence.
Held at London’s Natural History Museum on July 10, 2014, the glittering awards ceremony was held in front of 500 leading bankers from across the globe.
In the past year, Barclays Africa has been involved in some of the most high-profile transactions on the African continent.
Besides, the award for ‘Best Bank in Ghana’ by Euromoney follows on the heels of recognition as ‘Best Bank in Ghana’ by The Banker in 2012.
Stephen van Coller, CEO of the Corporate and Investment Banking division of Barclays Africa, said this recognition confirms the bank’s leadership position as Africa’s premier M&A, equity, debt, ratings, project finance, risk solutions and foreign exchange adviser.
“You can expect to see continued innovation and investment in this business over the coming years as we extend our product offering into new markets across Africa,” he stated.
Operating for more than 95 years in Ghana, Barclays Ghana’s impressive performance is underpinned by numerous initiatives, including significant enhancement of customer service experience as well as improved operational efficiencies and control environment.
Besides, the monthly financial magazine has rated Guaranty Trust Bank Plc as the best bank in Nigeria and Africa.
“Being the first Nigerian bank to win the ‘Best Bank in Africa’ award is also an affirmation of our institution as a proudly African and truly international bank,” said GTBank’s Group Managing Director, Segun Agbaje.
Euromoney’s Awards for Excellence cover more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world.
Globally, Union Bank of Switzerland (UBS) was attributed the title of ‘Best Global Bank’ while Bank of America Merrill Lynch was entitled the ‘Best Global Investment Bank’ at the Euromoney Awards for Excellence.
Moreover, HSBC won four global awards on the night, more than any other firm, with its awards for ‘Best emerging markets bank’ and ‘Best emerging markets debt house’ showing the strength of its franchise in developing markets.
There were two new global awards this year.
Morgan Stanley was the inaugural winner of Euromoney’s Best bank for corporate social responsibility award, with the magazine’s editors praising the US investment bank for its commitment to sustainable investment.
BBVA was the first-ever winner of the Best bank transformation award. The Spanish bank, which also has strong operations in Latin America and the US, is leading the way in the banking industry’s attempts to cope with the digital and online challenges it faces to become the world’s first truly digital bank.