Banking group Absa said on Monday it had received approval from US regulators to open an office in New York, which will allow it to be closer to institutional and corporate clients investing in Africa.
The approval by regulators follows that of Absa’s office in London, which was opened in September 2018. The office was a significant milestone which would enable the group to be a globally scalable business, and allow for more connection with global clients following the bank's separation from Barclay's said CEO of Absa corporate and investment banking Charles Russon.
"Through this office, we will be able to directly market our banking services and products to corporate and institutional clients at their HQ decision making locations,” Russon said. The group expects the office to be operational and performing regulatory activities by the end of 2019.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IOL - 🏆 46. / 51 Read more »
Cape Town dubbed the 'new Lagos' of dating scams as women lose millionsA dating scam that has swindled middle-aged women out of billions of rands has turned Cape Town into an international cybercrime capital. Banyise Yahoo Boys 😂 Shes stupid we leave it there So rich women in cape town can’t find partners? What’s the ratio down there. Too many decent single men in joburg. They should come fishing.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: mailandguardian - 🏆 2. / 92 Read more »
Source: mailandguardian - 🏆 2. / 92 Read more »
Source: City_Press - 🏆 7. / 72 Read more »
Clean environment and mental health: Some new thoughts on measuring national wellbeingLooking beyond economic indicators and placing equal value on economic growth and social progress is important, writes Adam Craker
Source: BDliveSA - 🏆 12. / 63 Read more »