RMB opens representative office in New York
The FirstRand-owned investment bank says it has received the necessary approvals for the New York office, which will link US investors to Africa
Rand Merchant Bank (RMB) says its newly opened New York-based representative office will facilitate greater business flows from the US, the world’s biggest economy, into the African continent.
FirstRand, the JSE-listed financial services group that owns RMB, has received all necessary approvals from the US Federal Reserve board and the New York state department of financial services, the lender said in a statement on Monday. US investors are increasingly looking to Africa as a source of future business potential due to its favourable demographic profile, vast natural resources and rapidly urbanising population...
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