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Rand Merchant Bank (RMB) has named Emrie Brown as its new CEO, making her only the second woman to lead a corporate and investment banking unit in SA, alongside Nedbank’s Anel Bosman.

Brown’s appointment is effective as of October 1 and will see her take over from RMB’s current CEO James Formby, who steps down after seven years as the leader of FirstRand Ltd’s corporate and investment banking division. Formby is considering “a number of options available to him within the broader group”, FirstRand said in a statement on Thursday announcing the leadership change...

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