Standard Bank to serve Africa's largest pension fund

Table mountainStandard Bank will provide custody and administration to the entire asset base of the Government Employees Pension Fund of South Africa, the largest pension fund on the African continent with more than 1.5 trillion rand ($400 billion) under management. Johannesburg-based Standard Bank says the master custody and recordkeeping mandate will bring its assets under custody, admin and trusteeship to more than 8 trillion rand. The deal will see the bank provide custody services in more than 60 markets. The bank has provided custody for the fund's fixed income portfolio since 1996. "This appointment further strengthens our longstanding partnership with Africa's largest institutional investor," says Sim Tshabalala, chief executive of Standard Bank Group. The Government Employees Pension Fund has more than 1.2 million active members from 325 government departments. It has nearly 400,000 pensioners and beneficiaries. ©2015 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.