The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Standard Chartered launches Africa equities business

Global investment banks increasing focus on continent

Standard Chartered will build an Africa equities business, Stephen Priestley, co-head of Africa wholesale banking, has told Euromoney.

Standard Chartered has traditionally been inactive in global equities capital markets but that has begun to change in Asia with its acquisition of Cazenove Asia two years ago. Standard Chartered will look to replicate this in Africa, a continent that looks ever more attractive to global banks.

Standard Chartered has already tripled its corporate finance revenue in Africa annually since its acquisition of Johannesburg M&A boutique First Africa in 2009, according to Priestly. The firm also acquired the Africa custody business of Barclays last year.

“The next area to build on in Africa will be to leverage our acquisitions, namely securities services [...] and public equities,” Priestley says.

Helmut Engelbrecht, head of Africa investment banking at Standard Bank, says his firm too has increased its headcount in Africa investment banking by about 40% in the past 24 months.

“Given new hires and new opportunities and with revenue last year already higher than before global financial crisis, Standard Bank will probably be able to grow revenue from rest-of-Africa investment banking by 30% to 40% in 2011,” says Engelbrecht.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree