Rand Merchant Bank (RMB), a subsidiary of FirstRand Bank, has opened a new representative office in New York with the aim of connecting US-based investors with business opportunities on the African continent. RMB CEO Emrie Brown stated that the African Continental Free Trade Area agreement will further ease access to Africa and stimulate growth, making it an attractive destination for foreign investors.
Brown added that the bank will work with US-headquartered multinational corporations, non-governmental organizations, and US businesses looking to engage or establish themselves in Africa. The bank’s CEO also emphasized the bank’s extensive experience and expertise in navigating the African regulatory environment, which positions it well to drive investment into the continent.
RMB’s US operations will be led by Albert Maartens, who noted that the new office will provide the bank with a closer relationship with US corporate and institutional decision-makers and allow it to act as a trusted advisor for its clients. The bank will offer a full range of corporate and investment banking products, including M&A advisory, lending, equity and debt capital markets, custody, foreign exchange, derivatives, and cash management, across multiple sectors in sub-Saharan Africa.
In conclusion, Brown expressed the bank’s commitment to making a positive impact on its clients and entrenching itself in the new jurisdiction. With its strong talent, deep African expertise, and innovative offerings, RMB aims to be a leading player in connecting US investors with African business opportunities.
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