Awards for Excellence 2016
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In a year of real hardship for its home country, during which South Africa’s finance minister declared the economy “in crisis”, Rand Merchant Bank (RMB) nonetheless performed well and succeeded in dethroning Citi to claim the best investment bank in Africa award.
Led by James Formby, RMB is an investment bank with a deal footprint across 35 African countries. In the final six months of 2015, pre-tax profits increased 13% to $264 million and the business delivered an impressive return on equity of 22.
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