Rand Merchant Bank (RMB) CEO James Formby will leave the FirstRand group at end-September after a six-month handover that will see the reins of the investment banking unit passed on to Emrie Brown from October 1.

When FirstRand, which owns RMB, announced Brown’s appointment in May it said initially that Formby was considering “a number of options available to him within the broader group”. But it now seems he’s had a change of heart, telling Business Day in an interview that he wants to spend time with his family before making his next move, probably not directly in banking...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.