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AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
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News > Asset Servicing

Standard Bank launches direct custody services in Angola

Africa Global Funds
Dec. 12, 2018, 2:14 p.m.

Word count: 213

Standard Bank has launched Direct Custody Services in Angola, which expands its African custody coverage to 15 countries across the continent.

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Standard Bank has launched Direct Custody Services in Angola, which expands its African custody coverage to 15 countries across the continent.

According to Charl Bruyns Head of Investor Services and Financial Institutions for Standard Bank Group, Angola’s still-developing capital market infrastructure, including that of a proposed stock exchange, means that Standard Bank’s custody capability in Angola “provides a critical financial market architecture assisting domestic and, in time, global investors to leverage opportunity in this exciting high growth African market.”

Angola is a critical link in Standard Bank’s African custody services strategy which aims to provide domestic, global and regional institutional investors with complete coverage across the Sub-Saharan Africa region. 

With the addition of Angola, Standard Bank has extended its direct custody services in Africa to 15 markets also including Botswana, Ghana, Kenya, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.

“It has been our constant endeavour to extend our Investor Services capabilities in core markets in Africa in order to support our client’s requirements and provide a deeper value proposition,” said Bruyns.

Standard Bank remains committed to expanding its footprint in Africa by providing a broad range of investor services and custody solutions supporting the entire investment value chain for domestic as well as global institutional investors.

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