Media Release
1 February 2023
RMB to provide corporate finance services in India
Following the restructuring of FirstRand Bank’s operations in India, its corporate finance business in-country is to be transferred to a wholly owned subsidiary of the FirstRand group, and will now operate under the flagship RMB brand. The necessary regulatory approvals have been granted and the transfer of the business is effective 1 February 2023.
The business will continue serving the corporate market in India and the broader India-Africa corridor, offering merger and acquisition and capital-raising advisory services. Key focus sectors include consumer, healthcare, industrials, clean energy, financial services and the new age tech/digital ecosystem.
Says RMB CEO, Emrie Brown: “India is currently one of the fastest-growing economies globally and is set to continue on that growth path for at least the next two decades. We see significant opportunities in India and are committed to acting as a trusted adviser to our existing and new investment banking clients.”
Says Dhyanesh Sundarmurthy, RMB Co-head of Corporate Finance, India: “We have an existing client base that we will continue to support through our client-focused operating model. In the longer term, we intend to further diversify, and will be launching new offerings to support existing and new clients on a wider range of investment banking offerings.”
“We have exceptional talent at RMB who are deeply invested in our clients’ businesses and strive to understand their requirements and customise solutions that generate a significant positive impact on them and their communities,” adds Nitesh Surana, RMB Co-head of Corporate Finance, India.
Concludes Brown: “Our India team has developed significant expertise, experience and a strong track record in their 12+ years of operating in India. The team also houses a pool of rich client relationships as part of its legacy in India. We believe in making a positive difference in the territories that we serve, and we look forward to adding value within the Indian economy.”
End
Contact:
Dhyanesh Sundarmurthy l Dhyanesh.Sundarmurthy@rmb.co.in
Nitesh Surana l nitesh.surana@rmb.co.in
About RMB
RMB represents the corporate and investment banking (CIB) activities of the FirstRand group, which is one of the largest financial institutions by market capitalisation in Africa.
On the African continent RMB offers CIB services in South Africa, Botswana, Namibia, Nigeria, Eswatini, Ghana, Lesotho, Mozambique and Zambia. In addition, RMB has certain niche offerings in the UK and India, and has also established a broker-dealer business in the USA. RMB manages the group’s representative offices in Kenya, Angola, Shanghai and New York.
At RMB we are passionate about solving problems for our clients by asking the hard questions. We challenge accepted thinking. We analyse and seek solutions beyond the obvious. We are innovative in our thinking and turn challenges into opportunities, while delivering on Traditional values. Innovative ideas.
Our ability to think differently, our collaborative spirit, our client-centric solutions and our belief that great minds don’t always have to think alike, is what sets us apart.
For more information please visit: www.rmb.co.za