In the Global Finance magazine’s 16th annual World’s Best Sub-custodians’ rankings, Standard Bank received the accolade as regional winner for Africa and country winners in Nigeria, Namibia and Mozambique.
The awards covered seven global regions and more than 80 countries based on the selection criteria which included customer relations, quality of service and competitive pricing.
Reacting to the announcement, the Bank’s Investor Services Manager Wilson Kuyokwa attributed the bank’s performance to operational efficiencies resulting from an aggressive multi-channel customer relations strategy.
“Being recognised in the global community again demonstrates how we are partnering with our clients to provide them with exceptional custodial services and moving customers service forward for growth of our mother Malawi,” said Kuyokwa.
Kuyokwa said the Bank is delighted to be recognised worldwide for its contribution toward the growth of its customers.
“We are delighted that these awards have recognized our sustained investment in our contribution towards the driving of growth for mother Malawi, and the moving of her people forward. These awards correctly reflect our ability to serve clients across the continent through our physical network in Africa,” he said.
This is the second time for Standard bank Malawi to win this award.
Recently Euromoney, the leading publication and authority on international finance has also named Standard Bank as Best Investment Bank in Malawi from its Awards of Excellence which are recognized as one of the most prestigious in the financial services industry.
Standard Bank, Africa’s largest bank by assets, is present in 20 markets across the continent and in major global financial centres.