Rand Merchant Bank Nigeria has won the Business Day Merchant Bank of the year award for the second time in a row and Debt Arranger of the Year award.
Reflecting on the awards, Michael Larbie, RMB Nigeria CEO & Regional Head West Africa says “we are proud of our growth and overall financial performance. RMBN will continue to focus on its clients and partner with them to develop new products and solutions.
We recently commenced our custody business. The addition of custody services to the product offering of the bank will further deliver end to end efficient trading and post trading experience to the bank’s existing and future clients. We intend to continue to introduce a wider range of products to suit all our clients’ needs and through that capture their minds and become a go-to partner for advice, structured financing, lending and trade solutions.
We expect to consolidate on our client relationships and position ourselves as a trusted, hard thinking and solutionist adviser and financier.”
Rand Merchant Bank Nigeria’s (RMBN) strategic vision is to be the Nigerian Corporate and Investment Bank of choice by creating sustainable value, unique solutions and superior economic returns for clients and stakeholders.
RMBN’s approach to achieving this strategy has been to gradually entrench itself within a select universe of strategic clients with a view to achieving a measured but sustainable growth and build an enduring franchise. This strategy has enabled the bank build strong and growing relationships with key market leading corporates.
Rand Merchant Bank Nigeria has over 15 years of transactional experience in Nigeria ranging from advisory roles on infrastructure projects, mergers and acquisitions, to the funding of various transactions across multiple sectors. The banks has an extensive pool of investment banking talent, including fixed income, currency and commodities experts who understand the Nigerian and broader African landscape. Over the past six years, RMB Nigeria has created a core client base of solid local companies, multinationals and financial sponsors.
“Using a targeted approach, we have meaningfully supported our clients through different economic cycles and will continue to do so,” Larbie said.
As part of the corporate & investment banking division of the FirstRand Group, the business strategy leverages a market leading origination franchise to deliver an integrated value proposition to corporate and institutional clients across Africa.
RMB has representative offices and subsidiaries in 10 other African countries, the UK, India, and China, and access to a network of retail banks in 25 African countries. With considerable underwriting capacity, due to RMBN’s ability to trade off the balance sheet of the FirstRand Group, RMB Nigeria is able to partner with corporate institutions and the public sector to offer a full range of corporate and investment banking services and assist with trade and investment flows between Europe, the Middle East, Asia, Nigeria and other African Countries.
ENDURANCE OKAFOR
