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Absa opens UK office, hopes to profit from post-Brexit trade in Africa

13 September 2018 11:59 AM
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Absa opens UK office, hopes to profit from post-Brexit trade in Africa

Absa, which recently rebranded following its separation from Barclays, has announced the launch of its UK office.

The bank and financial services group described the move as part of a growth strategy as “investors and businesses look to an increasingly stable and prosperous Africa for opportunity in a post-Brexit environment”.

“We have an ambitious growth strategy at the centre of which is the growth of our clients,” said Absa group CEO Maria Ramos in a statement.

“Our UK office is an important component of our growth intentions and we are delighted to introduce it to our clients at this time,” she said.

It said the office would focus on liquidity management, cash management, trade and working capital, risk management, card issuing and investment banking.

Source: fin24.com

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