7 October 2014

Named best FX Products (Overall) by clients

Barclays Africa has been named the top overall bank in the Risk South Africa Rankings 2014 survey for the fifth consecutive year.

“Maintaining our position as the top overall bank in South Africa, as voted by our clients, is an affirmation of the relevance of our client-centric approach and how it helps our clients realise their ambitions,“ said Stephen van Coller, Chief Executive of the Corporate and Investment Banking division of Barclays Africa.

In addition to the top investment bank award, Barclays Africa retained its first position ranking in FX Products (Overall) as well as Forward Rate Agreements, Repurchase Agreements, FX Options (US dollar/Rand), FX Forwards (US dollar/Rand), FX Swaps (US dollar/Rand), Credit Default Swaps, and Structured Products.

The bank also claimed first place in a new Delta One Products category and improved from second place to first in Interest Rate Exotics.

“We have a compelling advantage in Corporate and Investment Banking and it is a key segment for the group. 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,” added Van Coller.

The poll is divided into four different sections: interest rate; currency; equity; and others (credit, commodities, structured products and sub-Saharan markets). All of the awards are based on the votes of dealers, brokers,