Standard Chartered named Best Renminbi Bank in South Africa

23 June 2020 Standard Chartered

• The recognition comes from leading financial magazine, The Asset
• The bank was awarded ‘Best Renminbi Bank’ across eight other markets, globally
• The bank also received the ‘Triple A Award’ for its renminbi services

Standard Chartered has been named the ‘Best Renminbi Bank’ in South Africa by leading financial magazine, The Asset. The bank was also awarded the platform’s ‘Triple A Award’ across multiple markets for its outstanding work in renminbi (RMB) services, further solidifying its efforts in the sector.

The Asset commended Standard Chartered for its exceptional work in the renminbi field, citing the bank as an undisputed leader globally in educating and encouraging the use of the renminbi internationally. The accolade was extended to the bank in recognition of its meaningful offerings in the sector, from cash management to securities services.

Chris Egberink - Head Global Banking, South Africa & Southern Africa, said: “This recognition is a testament to the bank’s continued efforts in the provision of renminbi services, further solidifying our global repute. Our deep roots in the Asia, Africa and Middle East region give us an unrivalled breadth of perspective and depth of knowledge, allowing us to target an array of renminbi growth opportunities. The renminbi has sported enticing advancements across the globe, and we aim to continue to develop alongside it, leveraging our expertise in the field to respond to changing market conditions. This accolade speaks volumes of Standard Chartered’s extensive proficiency in the RMB field is indicative of our longstanding presence across our markets.”

Standard Chartered also received the title of Best Renminbi Bank in eight other markets across the globe. This includes the UAE, Pakistan, Nigeria, Hong Kong, Japan, the Philippines, Singapore, and Thailand. In 2019, the bank was awarded the title in eight markets globally and three markets regionally, including the UAE, Nigeria, and Pakistan. This marks Standard Chartered’s second consecutive win in these markets.

The Asset is a top-tier multimedia company that directs curated content to the foremost financial professionals and C-suite executives on the Asian continent and beyond. The Asset ‘Triple A Awards’ look to recognise those that have excelled in their respective industry, distinguishing best-in-class organisations and highlighting the outstanding work of sector players.

Quick Polls


Many legacy RAs allow an insurer to take up to 30% of the accumulated capital upon early exit. “This is just one of countless examples of shocking product design that is 100% engineered by insurers to extract punitive fees from clients...".


fanews magazine
FAnews June 2020 Get the latest issue of FAnews

This month's headlines

The crisis is not over
Ethics of lockdown - What value is attached to a human life?
Pandemic redefines the commercial and legal risk landscape
New partnerships needed to create an epidemic and pandemic risk programme
Credible statistics create much needed certainty
SA fixed income: Searching for value in a sea of pandemic risk
Subscribe now