Rand Merchant Bank: History And Review

RMB Nigeria — a leading African corporate and investment bank


Rand Merchant Bank (RMB) Nigeria Limited, a member of the FirstRand Group, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa.

  They offer clients innovative advisory, capital markets, financing and principal investing solutions. They also have funded various infrastructure, resource finance, mergers and acquisitions and development projects in over 35 African countries in the past decade, ranging from ports, dams and energy installations, to mines, railways and factories — making them one of the leading investment banking partners on the continent.

In Nigeria, they have over 10 years of transactional experience ranging from advisory on infrastructure projects to funding of various transactions across multiple sectors. They established a representative office in Nigeria in 2010 and subsequently opened a fully-fledged merchant bank (Rand Merchant Bank (RMB) Nigeria Limited) early 2013.

In line with its strategy to be the African corporate and investment bank of choice, RMB has access to a network of retail banks in 25 African countries, as well as branches and representative offices in Namibia, Botswana, Nigeria, Angola, Kenya, the UK, India, China, South-East Asia (Japan, Korea, Singapore, Thailand and Malaysia) and the Middle East.

FirstRand operates a fully-fledged representative office based in Dubai. Through this representative office, they are able to facilitate the financing of cross-border trade between Africa and the Middle East. The Group’s representative office in Shanghai, which was opened in 2007 and managed by RMB, has played a leading role in facilitating trade flows between China and Africa through a co-operation agreement with the China Construction Bank.

RMB operates in the UK as a division of FirstRand Bank Limited (London branch). They give international investors access to sub-Saharan debt products in both hard and local currency.

With a considerable underwriting capacity due to their ability to trade off the balance sheet of the FirstRand Group, RMB Nigeria is able to partner with their corporate institutions, government and parastatal clients, to offer the full range of corporate and investment banking services and assist with trade and investment flows between Europe, the Middle East, Asia and Africa. Learn More.

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