Standard Bank Prepares African Currencies Drive From London

BANKS

LONDON--The Standard Bank of South Africa is stepping up its emerging markets activity from London, in a bid to become a leading market maker in several currencies of sub-Saharan Africa, says Mark Suter, head of FX and money markets in London.

The bank has restructured its London operation to spearhead the drive, which will cover both traditional margin trading and structured products, says Suter. He expects to begin full-scale marketing by Autumn.

In the front line are the South African rand