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