Absa Receives Approval for New York office
An African based financial services group Absa group had recently 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 CEO of Absa corporate and investment banking Charles Russon said, 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.
“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 added.
Related Posts
Sidney Wafula to assume role of BAT Kenya Managing Director in June
British American Tobacco (BAT) Kenya has unveiled a key executive shake-up as part of its succession strategy, naming…
By
Solar Africa’s David McDonald outlines realities of South Africa’s energy market
As South Africa’s energy sector continues its post-loadshedding evolution, optimism abounds at high-level discussions, but on-the-ground realities tell…
MTN Nigeria reports ₦5.2trn in service revenue for FY 2025
MTN Nigeria Communications Plc has released its audited financial results for the year ended December 31, 2025, reporting…
Risper Genga Ohaga appointed as APA Apollo Group CEO
East African Breweries Limited (EABL) Chief Financial Officer Risper Genga Ohaga has been named Group Chief Executive Officer…
Gallery
