Home Companies Briefs Global Finance Magazine Names Stanbic IBTC ‘Best Sub-Custodian Bank In Nigeria’

Global Finance Magazine Names Stanbic IBTC ‘Best Sub-Custodian Bank In Nigeria’


Global Finance magazine, organisers of the Global Finance Awards has named Stanbic IBTC Bank PLC as the ‘Best Sub-Custodian Bank in Nigeria’ at the 2022 edition of Awards ceremony.

Stanbic IBTC bagged the award in recognition of it astounding services in customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans, and knowledge of local regulations and practices.

Babatunde Majiyagbe, Chief Executive, Stanbic IBTC while receiving the award which is the thirteenth consecutive time the bank has won the award said it is a testimony to the bank’s innovative deployment of cutting-edge technology in its service delivery as well as its passion for client satisfaction.

According to him, being consistently recognised by Global Finance as Nigeria’s best provider of custody services is an achievement the bank is proud of.

“It is a recognition of the hard work and dedication of our team in carrying out custodial services, our ever-evolving technological innovation in service delivery, and our commitment to putting our clients first. It reaffirms our leadership in the custodial industry, which is a demonstration of our commitment and exceptional track record as the trusted partner for investor services in Nigeria,” Majiyagbe said

He further said that the criteria for this recognition show that we are on the right path as we continually seek ways to provide the best-in-class service to our clients despite current global challenges. Client-focus and digitisation remain key drivers for business success, and we will continue to provide value because we are committed to making progress real.

Majiyagbe while appreciating clients for trust and confidence in the organization assured them of the firm’s unwavering commitment to providing the best custodial services.

“Our appreciation goes to our esteemed clients for their trust and the confidence placed in us. They are the reason behind this award. Our commitment remains strong and clients should not expect us to rest on our oars with this award, despite winning it repeatedly. Indeed, in line with our values, we seek to continually raise the bar. With an enhanced focus on improved technology, digitization, and market advocacy as tools to make Nigeria’s custody industry rank among the best globally, Stanbic IBTC will continue to ensure clients get the best services in terms of custodial offerings.”

Global Finance magazine, organisers of the Global Finance Awards seeks input from expert sources and market research as well as other entry information criteria are used in selecting banks that reliably provide the best services in local markets and regions.

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