Stanbic IBTC Nominees, a subsidiary of Stanbic IBTC Bank, has emerged the Best Sub-Custodian Bank Award in Nigeria at the 2023 Global Finance Awards.

The award marks the 15th time the Bank has received this esteemed honour, reaffirming its commitment to providing innovative and efficient services to clients worldwide.

The award recognises Stanbic IBTC’s dedication to customer relations, service quality, competitive pricing and compliance with local regulations and practices. The evaluation period for this award spanned from 01 January 2022 to 31 December 2022 and incorporated feedback from users of the Bank’s Sub-Custodian services.

Standard Bank Group, one of Africa’s largest banks and the parent company of Stanbic IBTC Holdings, also received the Best Sub-Custodian recognition in Botswana, Kenya, and Mozambique, demonstrating exceptional performance in several markets.

Babatunde Majiyagbe, Chief Executive, Stanbic IBTC Nominees, expressed his delight at receiving the award and attributed it to the organisation’s commitment to leveraging cutting-edge technology and delivering superior client satisfaction. He expressed gratitude to clients for their trust and confidence in Stanbic IBTC Bank PLC and assured them of the Bank’s unwavering dedication to providing the best custodial and investor services on the continent.

Stanbic IBTC Bank PLC holds a prominent position in the Nigerian market and is a leading provider of financial services to individuals, businesses, and institutions in the country. The Bank actively contributes to Nigeria’s economic growth and development and has played a pivotal role in numerous landmark transactions in recent years.

With its team of highly skilled and experienced professionals, Stanbic IBTC Bank PLC is well-equipped to continue delivering exceptional services to its clients and spearhead innovation in Nigeria’s capital market and financial services sector.