Stanbic IBTC wins Best Investment Bank in Nigeria
Stanbic IBTC Capital Limited, a member of Stanbic IBTC Holdings PLC (“Stanbic IBTC”), reaffirmed its position as the leading investment banking institution in Nigeria by winning the Best Investment Bank in Nigeria award at the Euromoney Awards for Excellence 2018 held in London recently. Standard Bank, to which the Stanbic IBTC belongs, was also voted Africa’s Best Bank for Wealth Management. The award ceremony had almost 700 leading bankers from around the world, including from Stanbic IBTC and Standard Bank, in attendance.
Chief Executive, Stanbic IBTC Holdings PLC, Mr Yinka Sanni, expressed delight with the recognition. According to Sanni, the award is a demonstration of the growing hunger and capacity of Stanbic IBTC, drawing on Standard Bank’s expertise, to provide game-changing financial and advisory solutions to clients across market segments. “We are delighted to be recognised as the foremost investment bank in Nigeria. The award speaks to our implacable commitment to deliver innovative investment banking solutions to clients across various sectors,” Mr Sanni said.
Mr Sanni added that even though Stanbic IBTC has its roots in wealth management and investment banking hence its market pedigree and leadership in the space, the group has since grown competency across the entire financial solutions value chain as a leading end-to-end financial services provider and intends to sustain the legacy in the foreseeable future.
Euromoney Awards for Excellence announced that the 2018 awards recognised banks in almost 100 countries, in all regions and in 20 global categories. Euromoney noted that “Stanbic IBTC, Nigeria’s best investment bank, closed 38 investment banking deals in 2017, despite macroeconomic conditions that while improving, remain challenging.”
Chief Executive, Stanbic IBTC Capital Limited, Funso Akere, who represented Stanbic IBTC at the award ceremony, thanked Stanbic IBTC clients for the opportunity to advise them on complex M&A transactions, capital raisings and debt financings. He assured them that Stanbic IBTC will continue to deliver innovative and best-in-class solutions.
Stanbic IBTC Capital last month advised Dangote Cement Plc on a N50 billion Series 1 and 2 commercial paper (“CP”) issuance, the largest ever CP issuance by a Nigerian company, which was oversubscribed. Stanbic IBTC Capital also advised on deals in the first half of 2018 for clients including Nigerian Breweries Plc, Flour Mills of Nigeria Plc, UAC of Nigeria Plc, Presco Plc, Nigeria Mortgage Refinance Company Plc, Dufil Prima Foods PLC, Sterling Bank Plc, Novare and Actis.