We are a division of FNB Botswana Limited and FirstRand Group, a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative advisory, capital markets, financing and principal investing solutions. We have funded various infrastructure, resource finance, mergers and acquisitions and development projects in over 35 African countries over the past decade, ranging from ports, dams and energy installations, to mines, railways and factories — making us one of the leading investment banking partners on the continent.
RMB is the gateway to Corporate and Investment Banking in Africa. With an active presence for Corporate and Investment Banking in twelve countries in sub-Saharan Africa, and an extensive Group-wide deal footprint across the continent, our roots are firmly entrenched in African soil.
RMB is an African bank for Africa. We offer our corporate and institutional clients the full spectrum of advisory, funding, trading, cash management, global markets products, transactional, corporate banking and principal and private banking solutions in key African jurisdictions.
Our highly-skilled teams work across various asset classes, industries and currencies to advise, arrange, underwrite, distribute and provide funding across the whole capital structure for our clients. We use our substantial underwriting capacity through the FirstRand Group when partnering with corporates and financial institutions, government and state-owned companies to offer a comprehensive range of Corporate and Investment Banking services.
Being part of the FirstRand Group, our history dates back to 1977, when three entrepreneurs Laurie Dippenaar, GT Ferreira and Pat Goss started a small financial structuring house in Johannesburg, South Africa. They called their company Rand Consolidated Investments (RCI) and built the business on the basis of Traditional values. Innovative ideas.
After Pat left the business, a new partner, Paul Harris joined. The trio then merged their successful lending and financing business with Johann Rupert’s Rand Merchant Bank. They swapped the name RCI for RMB and so the world of RMB came into being.
The entrepreneurs managed to expand their business from a ZAR10 000 start-up into a financial services empire that would become one of the largest financial services firms in sub-Saharan Africa. In 1998 they established FirstRand Limited through the disposal of Anglo American’s interests in FNB and Southern Life, and the merger of these assets with RMB and Momentum. This was one of the largest transactions in the history of financial services in South Africa.