Strengthening commercial connections to Africa through the establishment of a US base by RMB
RMB Expands to New York: Here's the Dish
Rand Merchant Bank (RMB), a trailblazing African corporate and investment bank, has set up shop in the Big Apple. The New York office is a strategic move to enhance US business flows into the continent. FirstRand Bank, RMB's parent company, has securely obtained approval from the US Federal Reserve Board and New York State Department of Financial Services for this venture.
Emrie Brown, RMB's CEO, describes a burgeoning trend among foreign investors, who are already enamored with Africa's vast natural resources, extensive markets, vibrant population, and impressive technological potential. The African Continental Free Trade Area agreement further simplifies access to Africa, stimulates intra-regional trade, and boosts growth.
"Our new office serves as a bridge connecting US investors with Africa's myriad business opportunities. With our extensive experience and in-depth knowledge of the African market, we're well-suited to drive investment into the continent," says Brown.
Brown also hints at RMB's intention to collaborate with US-based multinational corporations with African subsidiaries, NGOs, and US corporations looking to venture into or expand their presence in Africa.
According to Albert Maartens, head of RMB's US operations, this New York outpost will enable the bank to foster closer relationships with key corporate and institutional decision-makers. This will, in turn, facilitate assistance and communication for US corporations eyeing expansion in Africa.
"RMB aspires to be a trusted advisor for our US clients. By offering innovative services and leveraging our large capital base, deep Africa-based expertise, unblemished compliance record, and stringent due diligence processes, we empower our clients to capitalize on the African market," concludes Maartens.
With a presence in ten African countries, RMB packs a significant continental punch. Its strong network of retail banks, representative offices, and branches spans across Africa, the UK, India, and the US. RMB prides itself on asking tough questions, challenging conventional wisdom, providing client-centric solutions, and nurturing a culture of innovation and collaboration.
In essence, RMB is not just a bank; it's a problem-solver, a visionary, and a trusted partner for businesses eager to tap into Africa's growing economies.
RMB: More Than Just a Bank
RMB, a division of FirstRand Bank Limited (Africa's largest financial services group by market capitalization), is a leading African Corporate and Investment Bank. It offers innovative, value-added advisory, funding, trading, corporate banking, and principal investing solutions.
With a presence in ten African countries, RMB boasts a substantial footprint on the continent. Its network also extends to retail banks, representative offices, and branches across Africa, the UK, India, and the US.
At RMB, problem-solving is a passion. The bank prides itself on its ability to ask the hard questions, challenge conventional thinking, analyze beyond the obvious, and turn challenges into opportunities while maintaining traditional values. This innovative, collaborative spirit, coupled with a client-centric approach, sets RMB apart from the competition.
- RMB's expansion to New York aims to stimulate US business growth in Africa, leveraging its extensive experience and deep knowledge of the African market.
- The African Continental Free Trade Area agreement, combined with Africa's vast natural resources, extensive markets, and impressive technological potential, creates a favorable environment for foreign investors.
- RMB intends to serve as a bridge connecting US investors with numerous business opportunities on the African continent, collaborating with US-based multinational corporations, NGOs, and corporations aiming to venture into or expand in Africa.
- RMB's strategic move to New York will enable closer relationships with key decision-makers, facilitating assistance and communication for US corporations eyeing expansion in Africa.
- With a robust network across Africa, the UK, India, and the US, RMB seeks to empower its clients by offering innovative services, a large capital base, unblemished compliance record, and stringent due diligence processes.
- As a division of FirstRand Bank Limited, Africa's largest financial services group by market capitalization, RMB stands as a problem-solver, a visionary, and a trusted partner for businesses eager to capitalize on Africa's growing economies.
