Standard honoured for overcoming risks
JOHANNESBURG, (CAJ News) – STANDARD Bank said it had won the Risk Emerging Markets Dealer of the Year award for 2016.
Officials said this followed a strong performance by its team in challenging market conditions during the period.
“There is complexity within the environments in which we operate and this has only increased due to the current macro-economic conditions. A lack of liquidity in certain markets is raising the bar for dealers and investors and we are also dealing with a complex set of regulations and legislative
frameworks across a number of different jurisdictions,” said Stephen Barnes, Head: Client Solutions at Standard Bank.
The annual Risk Awards identify best practice in the risk management and derivatives markets.
The Emerging Markets Dealer of the Year award recognises emerging market-based dealers that have played a key role in the development of the local market, that are proven, reliable risk managers and that trade a broad range of product types.
Standard Bank’s Client Solutions Business structured deals worth R300 billion in the past year, ranging across hedging solutions, investment product and structured funding deals.
“This means we can source both sides of the market, hard currency on the one hand, and local on the other. This is a key differentiator for us, as you are seeing significant buyers of dollars and not many sellers. Our franchise model allows us to bring sellers to buyers,” said Barnes.
– CAJ News
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