The Rand Merchant Bank (RMB) has appointed corporate executive, Emrie Brown as the new chief executive officer (CEO) of the bank. Brown will take the rains at the bank starting from 1 October 2022.
Brown will take over from current chief executive, James Formby, who will hand over the role after seven years as RMB CEO.
Speaking about his departure from the bank, the current CEO Formby said, “I am delighted to be able to pass the baton to someone of Emrie’s talent and experience. The time is right to hand over and I have the right person to hand over to.”
Brown comes a long way with the bank, she began her career with RMB in 2001 as a transactor and became head of Leveraged Finance in 2006.
Then, In 2009 she moved to Cape Town to head up the Western Cape investment banking team. She relocated to Johannesburg after being appointed as co-head of the Investment Banking Division in July 2015.
Speaking about her new appointment, Brown said, “I am humbled and honoured to be appointed as the next CEO of RMB. I am following in the footsteps of remarkable CEOs before me that have built a business that I am proud to have been a part of for most of my banking career. I look forward to working with our diverse and high-performing teams to deliver a distinctive experience to our clients.”
Brown is currently the Head of RMB’s Banking Division (which includes Corporate Transactional Banking, Investment Banking and Coverage), which represents the most significant portion of RMB’s total earnings. She has extensive experience in investment banking and holds strong, long-term client relationships.