The London-based Global Finance magazine, organiser of the awards, announced winners for the 16th edition of the annual World’s Best Sub-custodian Banks following selection from across seven global regions and more than 80 countries.
The latest win makes it the eighth time in a row that Stanbic IBTC Bank will be adjudged the best in the country, in recognition of its leadership in the sector.
Chief Executive, Stanbic IBTC Bank, Demola Sogunle, stated that winning the award consistently for the last eight years, reinforces the bank’s strong management, systems and innovative solutions, and its leadership of Nigeria’s custody sector.
“We are delighted to be recognized for the eighth time as the best provider of custody services in Nigeria. It is a demonstration of our strength in terms of our management, systems and solutions. This award will energize us to continue to provide unparalleled services to our customers as we raise the bar in the provision of investor services,” Sogunle said. “The need for excellent custody services in Nigeria remains strong, driven by the impetus in cross-border investment activities, and we are well positioned to provide such services,” Sogunle added.
The yearly award, instituted 16 years ago, recognizes the pivotal role sub-custodians play in business and investment activities via the safekeeping of clients’ assets, such as bonds, stocks and treasury bills.
Winners are selected by Global Finance magazine’s editors and reporters, with input from expert sources, from among institutions that reliably provide the best custody services in local markets, regions and to global custodians.
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