Draft:RMB - Rand Merchant Bank
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Comment: Note: Rand Merchant Bank redirects to FirstRand Gbawden (talk) 08:25, 18 November 2023 (UTC)
| Company type | Division |
|---|---|
| Industry | Banking and financial services |
| Founded | 1977 |
| Headquarters | Johannesburg, South Africa |
Area served | South Africa, Namibia, Botswana, Nigeria, USA, UK, India, Zambia, Mozambique, Eswatini, Lesotho, Ghana |
Key people | Emrie Brown (CEO) |
| Services | Investment Banking
Corporate Transactional Banking Markets Private Equity |
| Parent | FirstRand |
| Website | www.rmb.co.za |
RMB (Rand Merchant Bank)[1] is a South African financial services business with advisory, funding, trading, transactional banking, and principal investing solutions.
RMB has clients in the UK, India, the US, China and Africa.
It is a division of FirstRand, a large financial services conglomerate, which trades on the Johannesburg Securities Exchange (JSE) under the symbol: FSR. RMB represents FirstRand's activities in the corporate and investment banking segment.
History[edit]
Rand Merchant Bank was founded[2] in 1977[3][4] by Gerrit Ferreira,[5] Lauritz Dippenaar,[6] and Pat Goss. They started a financial structuring house in Johannesburg called Rand Consolidated Investments (RCI). After Pat left the business, Paul Harris[7] joined. In 1985 the lending and financing business merged with Johann Rupert's Rand Merchant Bank. The newly created entity took up the Rand Merchant Bank name.
Presence[edit]
South Africa, Namibia, Botswana and Nigeria operate as RMB, while Zambia, Mozambique, Eswatini, Lesotho, and Ghana operate as FNBCIB.
USA[edit]
RMB has a broker-dealer business in the USA and manages FirstRand Bank's USA representative office in New York[8] as of 2023.
India[edit]
FirstRand Bank established a branch in India[9] in 2009 as a scheduled commercial bank licensed under the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). After license reviews, RMB Capital India Private Limited (RMB India) was established[10] in 2022.
References[edit]
- ^ "Rand Merchant Bank". DealMakersSA. Retrieved 2023-11-17.
- ^ "FirstRand's founders: Leadership lessons | Leader.co.za". www.leader.co.za. Retrieved 2023-11-17.
- ^ "Rand Merchant Bank History".
- ^ "Rand Merchant Bank History". List of Banks. Retrieved 2023-11-17.
- ^ "Gerrit Thomas (GT) Ferreira". Forbes. Retrieved 2023-11-17.
- ^ "Lauritz (Laurie) Dippenaar". Forbes. Retrieved 2023-11-17.
- ^ "The $200-Million Pioneer Who Changed The Way Africans Bank". www.forbesafrica.com. 2015-02-01. Retrieved 2023-11-17.
- ^ "RMB opens representative office in New York". BusinessLIVE. Retrieved 2023-11-17.
- ^ "FirstRand starts winding down its India branch". BusinessLIVE. Retrieved 2023-11-17.
- ^ "Rmb Capital India | Company Profile | The Company Check". www.thecompanycheck.com. Retrieved 2023-11-17.