Standard Bank has launched Direct Custody Services in Angola, which expands its African custody coverage to 15 countries across the continent.

According to Charl Bruyns Head of Investor Services and Financial Institutions for Standard Bank Group, Angola’s still-developing capital market infrastructure, including that of a proposed stock exchange, means that Standard Bank’s custody capability in Angola “provides a critical financial market architecture assisting domestic and, in time, global investors to leverage opportunity in this exciting high growth African market.”

Angola is a critical link in Standard Bank’s African custody services strategy which aims to provide domestic, global and regional institutional investors with complete coverage across the Sub-Saharan Africa region. 

With the addition of Angola, Standard Bank has extended its direct custody services in Africa to 15 markets also including Botswana, Ghana, Kenya, Malawi, Mauritius, Mozambique, Namibia, Nigeria, South Africa, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe.

“It has been our constant endeavour to extend our Investor Services capabilities in core markets in Africa in order to support our client’s requirements and provide a deeper value proposition,” said Bruyns.

Standard Bank remains committed to expanding its footprint in Africa by providing a broad range of investor services and custody solutions supporting the entire investment value chain for domestic as well as global institutional investors.