Member access

4-Traders Homepage  >  Shares  >  Johannesburg Stock Exchange  >  Standard Bank Group Ltd    SBKJ   ZAE000109815

SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
The feature you requested does not exist. However, we suggest the following feature:

Standard Bank : Stanbic Bank Botswana selected as custodian for Debswana Pension Fund

08/29/2014 | 08:37am US/Eastern
Recommend:

ENP Newswire - 29 August 2014

Release date- 28082014 - Stanbic Bank Botswana has been appointment as custodian of the Debswana Pension Fund (DPF) in Botswana, the second largest private pension fund in that market.

Stanbic Bank Botswana was awarded the deal following a rigorous selection process. Its bid came about through close collaboration between the South African and Botswana-based investor services teams.

Being awarded the contract is evidence of Standard Bank Group's leadership in the pension fund segment in sub-Saharan Africa, says Mark Kerns, head of Stanbic Bank Botswana's investor services.

The DPF has assets under management of R3 billion, representing significant growth in the assets under custody for Stanbic Bank Botswana investor services. Stanbic Bank Botswana will be responsible for safeguarding the assets of the fund and for providing settlement and other related services.

'The demonstration of our operational levels of control, our full product capability and our value proposition as a custodian all played a significant role in the appointment [by the Debswana Pension Fund],' says Mr Kerns.

'We are delighted and look forward to deepening the existing relationship'.

For more on Stanbic Bank Botswana see http://www.stanbicbank.co.bw.

(c) 2014 Electronic News Publishing -

Recommend :
React to this article
Latest news on STANDARD BANK GROUP LTD
11h ago STANDARD BANK : Stanbic Bank Botswana selected as custodian for Debswana Pension..
15h ago STANBIC BANK UGANDA : Instructs Clients On Risk Management
17h ago STANBIC BANK UGANDA : Loan recoveries push Stanbic profits up to Shs68 billion
18h ago STANBIC BANK UGANDA : Masekela, Mtukudzi, Dikana Showpiece Set
1d ago Potential losses in suspected China port metals financing fraud top $1.2 bill..
1d ago STANDARD BANK : Stanbic Bank Botswana selected as custodian for Debswana Pension..
1d ago STANDARD BANK : Mozambican President thanks Standard Bank Group for 120 years
2d ago STANDARD BANK : Frost & Sullivan Applauds Standard Bank for Delivering Value to ..
2d ago MOODY : downgrades Standard Bank Plc's deposit ratings
3d ago STANBIC BANK UGANDA : Zibawu Demonstrates Against Stanbic
Advertisement
Chart
Duration : Period :
Standard Bank Group Ltd Technical Analysis Chart | SBKJ | ZAE000109815 | 4-Traders
Income Statement Evolution
Standard Bank Group Ltd : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF