🇧🇼BotswanaSouthern Africa
Absa Bank Botswana launches custody services to strengthen local capital markets
via Mmegi1 min read
Absa Bank Botswana has introduced custody services to enhance the local capital markets and support institutional investors. This new offering provides secure and compliant solutions for asset safekeeping and administration, enabling investors to confidently engage in local and cross-border investment activities. The services are designed to meet the needs of pension funds, asset managers, insurers, fund managers, trustees, and savings and credit cooperatives SACCOs. Keabetswe Pheko-Moshagane, Absa Bank Botswana Managing Director, stated that the launch addresses the market's increasing demand for robustness, transparency, and operational resilience. She emphasized that the custody services will help clients safeguard assets, comply with regulations, and operate with confidence as they allocate capital for long-term growth, aligning with the maturing capital markets in Botswana and the need for solutions that meet global standards while remaining anchored in local market realities. The bank aims to support the secure settlement, transparent reporting, and effective risk management required by increasingly sophisticated investment activities.
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