Stanbic IBTC Capital named Nigeria’s Best Investment Bank by Euromoney

Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings Plc, was recognised as “Best Investment Bank in Nigeria” at the Euromoney Awards for Excellence 2021; winning the award for the third time in four years.

The award is one of the most coveted in the investment banking industry and was given in recognition of Stanbic IBTC Capital’s proven track record in providing innovative advisory, capital markets and debt arranging solutions to a diversified client base that includes local corporates, multinationals and government entities operating in Nigeria.

Funso Akere, Chief Executive, Stanbic IBTC Capital, said “We are honoured to receive this recognition from Euromoney, which reaffirms our position as the leading investment banking franchise in Nigeria. We are grateful to our clients who continue to entrust Stanbic IBTC Capital with their most important mergers and acquisitions equity and debt capital raises and financing transactions that require innovative solutions.

Related News

He added: “Our investment banking professionals worked closely with clients at the onset of the COVID-19 pandemic to assess their liquidity needs and come up with immediate financing solutions, which required innovative and complex structuring and unique access to capital market investors. We acted as Lead Issuing House to the N115billion BUA Cement Plc bond issue, the largest bond issue in the history of the Nigerian capital markets, and also as Lead Issuing House to the N100billion Dangote Cement Plc bond issue which was successfully completed despite the strict COVID-19 lockdown measures in Lagos State at that time. We advised on the merger between Tangerine Life Insurance Limited and ARM Life PLC; and acted as sole Issuing House on equity issuances by AIICO Insurance PLC and UACN Property Development Company Plc, amongst other landmark transactions.

Stanbic IBTC Capital is a member of Standard Bank Group, which was also recognised as Best Investment Bank in Africa at the Euromoney Awards for the third year running. This is a testament to Standard Bank’s commitment to act as a trusted partner to in-country, regional and international organisations across Africa and its purpose to drive Africa’s growth.

The Euromoney Awards for Excellence were established in 1992 and are one of the most prestigious in the financial services industry. Euromoney’s awards programme recognises financial services firms in 100 countries, in all regions and in 20 global categories.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.