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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  London Stock Exchange Group Plc    LSE   GB00B0SWJX34

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London Stock Exchange Group Plc : London Stock Exchange at Angolan capital markets event

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02/07/2013 | 05:59pm CET

7 February 2013

London Stock Exchange at Angolan capital markets event

-      Capital markets development tops agenda for companies, advisors and politicians
-      Funding options for local firms discussed

London Stock Exchange Group (LSEG) executives were in Luanda on Thursday 7 February, to meet local politicians, market specialists, companies and investment banks at an event organised by LSEG and UK Trade & Investment (UKTI). Delegates discussed how Angola can develop its capital markets infrastructure by drawing on London's experience as an international financial centre, as well as capital-raising opportunities for Angolan firms.

LSEG has significant experience contributing to the development of capital markets around the world. In 2011 it signed an agreement to provide technology, training and regulatory expertise to the Mongolian Stock Exchange. It also has multiple partnerships in Africa, supplying exchange technology to nine of the continent's stock exchanges - including the Johannesburg Stock Exchange - via its MillenniumIT technology business. Through its subsidiary, FTSE International, LSEG also calculates domestic indices for local equity markets in Johannesburg, Nairobi, Cairo and Casablanca.

Ibukun Adebayo, Head of Equity Primary Markets for Africa at London Stock Exchange Group, said:

"Angola is one of the world's fastest growing economies and it is fantastic to meet with local companies, politicians and market specialists today. This is a great opportunity to discuss how our expertise can help develop Angola's own capital markets, and how this country's flourishing business community can better connect with domestic and international investors."

HE Richard Wildash, British Ambassador to the Republic of Angola, said:

"Angola is the third-biggest economy, and one of the UK's most important partners, in Sub-Saharan Africa. The establishment of vibrant and efficient capital markets in Angola is of vital importance to Angola's development. 

"The London Stock Exchange is Europe's leading exchange with vast expertise in equities, fixed income and post trade services and I am delighted that it has today been able to establish cooperation with such a wide variety of companies and individuals across an impressive range of sectors. I am confident that it has a significant contribution to make in helping Angola develop its capital markets."

Jorge Ramos, Managing Director, Capital Markets, Angola, at Banco Espirito Santo, said:

"We continue to see the compelling business opportunity within Angola's prospering economy. Having operated here for 12 years, it is a privilege to see the country establish a presence on the international stage. We look forward to exploring how Bank Espirito Santo Angola can continue to support Angola' s business community."

Attendees at Thursday's event included Carlos Alberto Lopes, Angola's Minister of Finance; Archer Mangueira, Chairman of Angola's Capital Markets Commission; H.E. Richard Wildash, British Ambassador to Angola; Ibukun Adebayo, LSEG's Head of Primary Markets for Africa; and representatives from Banco Espirito Santo, Ernst & Young and Norton Rose.

- ends -

For further information, please contact:

Jonny Blostone                                Press Office +44 (0)20 7797 1222


Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access to an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com.

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