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FIRSTRAND

Last update 3 months ago

Industry Financial Services (417)
Sandton, South Africa
Workforce more than 10,000 employees Listed on JSE-South Africa (FSR)

+27 11 282 1808

Email investor.relations@firstrand.co.za Website


The original business, which eventually became firstrand limited in 1998, was founded in the 1970s as a specialist investment bank by three entrepreneurs, GT Ferreira, Laurie Dippenaar and Paul Harris

Since then, the founders, together with a long-standing and stable management team, have created one of the largest financial institutions in South Africa. The founders still retain a significant equity stake in FirstRand through RMB Holdings and Laurie Dippenaar is the group's non-executive chairman. 

FirstRand was created in its current form in February 1998 through the disposal of Anglo American's interests in First National Bank and Southern Life, and the merger of these assets with RMB and Momentum; one of the largest transactions in the history of local financial services. 

In February 2005, FirstRand sold an effective 10% interest in the group to five broad-based Black Economic Empowerment (BEE) partners and previously disadvantaged FirstRand staff. The BEE partners, Kagiso Trust Investments (KTI), Mineworkers Investment Company (MIC) and Women's Development Businesses (WDB) represent broad-based communities. 

The BEE partners were selected because they share FirstRand's objectives of enhancing BEE by addressing the needs of a wide constituency. In addition, the BEE partners have excellent reputations, successful track records and long-standing relations with FirstRand and each other. They have agreed to retain their shares until 2018 and by the middle of 2015 significant value from the scheme will cascade down to a broad group of beneficiaries in the underlying trusts through dividends.

In January 2015, 66.7 million FirstRand ordinary shares and 12.6 million MMI ordinary shares were sold on behalf of the beneficiaries of the FirstRand BEE staff scheme who elected to sell their shares.

"The group is extremely proud to have been able to generate such significant value for the participants in its BEE scheme, which overall represents a total of R23 billion. We are particularly pleased that so many of our employees have benefited from the group's success over the past ten years with a total of R6 billion of value created for almost 13 000 people through the staff schemes, " Sizwe Nxasana (CEO: FirstRand Limited at the time) announced.

Through its African subsidiaries, the group offers full service banking in eight African countries, namely, Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Tanzania, Ghana, and through RMB, corporate and investment banking in Nigeria. In addition to its physical operating footprint in Africa, the group has established platforms in certain key financial centres that generate opportunities from cross-border investment flows between Europe, Africa and Asia.

The bank also has a number of representative offices. RMB has been active in Kenya for a number of years, and, through the management of FRB’s representative office, is increasing its focus on what is the trade and investment hub of east Africa with increasing flows from China and India. RMB also manages the Angolan representative office which provides a platform in western Africa to identify investment banking opportunities across this region.

The Middle East remains an important source of global capital and the FRB representative office, based in Dubai, plays a pivotal role in facilitating investment into the African continent and investment flows between Europe, Africa and Asia.

China is strategically important to the African continent’s growth story. Managed by RMB, the Shanghai representative office, which was opened in 2007, has played a leading role in facilitating trade flows between both China and the African continent and supporting the ongoing investment and infrastructural development that China is able to provide.

The London branch focuses on funding through the capital and banking markets. MotoNovo, the group’s vehicle and asset finance business in the UK, also forms part of the branch.

The Guernsey branch (trading as FNB Channel Islands) represents a niche, hard-currency deposit franchise by servicing predominantly high net worth South African customers.

FirstRand remains the only South African bank with a branch in India, which provides an investment banking offering to Indian clients active in the Indo-African corridor.

M... V... has been appointed Chief Operations Officer
Published 4 months ago

BOARD (6 females, 11 males)
35%

A... P...

Chief Executive Officer
Effective 3 months ago

Appointed to the board 2 years ago
FIRSTRAND
South Africa - Financial Services
Chief Executive Officer
Effective 3 months ago

Appointed to the board 2 years ago

Deputy Chief Executive Officer
2015 - 2018 (Appointed to the board in 2015)

WESBANK
South Africa - Finance | Banking
Director
Ongoing

36 relationships

W... R...

Independent Non-Executive Chairman
Effective 3 months ago

Appointed to the board 8 years ago
FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Chairman
Effective 3 months ago

Appointed to the board 8 years ago


PRIMEDIA
South Africa - Media & Marketing
Chief Executive Officer
Left 4 months ago


PRIMEDIA UNLIMITED
South Africa - Media & Marketing
Non-Executive Chairman
Appointed to the board 4 years ago


AVENG
South Africa - Conglomerates
Chief Executive Officer
2008 - 2013

KAGISO MEDIA
South Africa - Media & Marketing
Non-Executive Chairman
2006 - 2008
Director
1999 - 2008
Chief Executive Officer
1999 - 2006
50 relationships

M... V...

Chief Operations Officer
Effective this month
MMI HOLDINGS
South Africa - Holdings & Investments
Deputy Chief Executive Officer, Finance, Information Technology, And Operations
Left 1 month ago

Appointed to the board 3 years ago

Financial Director
2015 - 2017
Independent Non-Executive Director
2009 - 2013 (Appointed to the board in 2009)
Executive Director
2015 - Unknown
Chief Executive Officer, Mmi Balance Sheet Management
2014 - Unknown

GUARDRISK
South Africa - Finance | Insurance
Non-Executive Director
Ongoing


FIRSTRAND
South Africa - Financial Services
Chief Operations Officer
Effective this month


DEVELOPMENT BANK OF SOUTHERN AFRICA
DBSA
South Africa - Finance | Banking
Independent Non-Executive Director
2011 - 2015 (Appointed to the board in 2011)

HOLDSPORT
South Africa - Retail | Fashion & Cosmetics
Independent Non-Executive Director
2011 - 2014 (Appointed to the board in 2011)

CURRO HOLDINGS
South Africa - Education & Training
Independent Non-Executive Director
2011 - 2012 (Appointed to the board in 2011)

KAGISO MEDIA
South Africa - Media & Marketing
Independent Non-Executive Director
2011 - Unknown (Appointed to the board in 2011)
63 relationships

H... S...

Financial Director
Effective 4 years ago

R... M...

Independent Non-Executive Director
Appointed to the board 3 years ago

P... J...

Non-Executive Director
Appointed to the board 2 years ago
KAGISO TISO HOLDINGS
KTH
South Africa - Holdings & Investments
Non-Executive Director
Ongoing


FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 2 years ago


WESBANK
South Africa - Finance | Banking
Non-Executive Director
Ongoing

60 relationships

F... K...

Non-Executive Director
Appointed to the board 2 years ago
BUSINESS PARTNERS
South Africa - Financial Services
Non-Executive Director
Appointed to the board 4 years ago


FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 2 years ago


RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Alternate Non-Executive Director
Effective 1 year ago

Appointed to the board 2 years ago

Non-Executive Director
2016 - 2017 (Appointed to the board in 2016)

RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Alternate Non-Executive Director
Effective 2 years ago


WESBANK
South Africa - Finance | Banking
Non-Executive Director
Ongoing

103 relationships

H... L...

Non-Executive Director
Appointed to the board 1 year ago
RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Chief Executive Officer And Financial Director
Effective 4 years ago


DISCOVERY HOLDINGS
South Africa - Finance | Insurance
Non-Executive Director
Appointed to the board 4 years ago


RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Chief Executive Officer And Financial Director
Effective 4 years ago


OUTSURANCE INSURANCE COMPANY
South Africa - Finance | Insurance
Non-Executive Director
Appointed to the board 2 years ago


FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 1 year ago

118 relationships

T... S...

Independent Non-Executive Director
Appointed to the board 1 year ago
WDB INVESTMENT HOLDINGS
South Africa - Holdings & Investments
Chief Financial Officer
Ongoing


FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Director
Appointed to the board 1 year ago

31 relationships

M... S...

Non-Executive Director
Appointed to the board 6 years ago
FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 6 years ago


TORRE INDUSTRIES
South Africa - Industrial Equipments
Non-Executive Director
Left 9 months ago


METROFILE HOLDINGS
South Africa - Technology & IT
Non-Executive Deputy Chairman
Appointed to the board 7 years ago

Non Executive Director
2010 - Unknown

MINEWORKERS INVESTMENT COMPANY
MIC
South Africa - Holdings & Investments
Chief Executive Officer
Appointed to the board 8 years ago

Non-Executive Director
2008 - 2010 (Appointed to the board in 2008)
Executive Director, Strategy
2010 - Unknown

ASCENDIS HEALTH
South Africa - Health & Medical
Independent Non-Executive Director
Appointed to the board 1 year ago


PEERMONT GLOBAL
South Africa - Hotels & Hospitality
Non-Executive Director
Effective 6 years ago


PRIMEDIA
South Africa - Media & Marketing
Non-Executive Director
Effective 6 years ago


NATIONAL STUDENT FINANCIAL AID SCHEME
NSFAS
South Africa - Financial Services
Director
Effective 2 years ago


KUMBA IRON ORE
South Africa - Mining & Minerals
Independent Non-Executive Director
Effective 7 months ago

156 relationships

J... J...

Non-Executive Director
Appointed to the board 5 years ago
FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 5 years ago


DISTELL GROUP
South Africa - Beverages & Wines
Non-Executive Director
Appointed to the board 6 years ago


DISCOVERY HOLDINGS
South Africa - Finance | Insurance
Independent Non-Executive Director
Appointed to the board 6 years ago


CAPEVIN HOLDINGS
South Africa - Holdings & Investments
Non-Executive Director
Effective 8 years ago


RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Alternate Non-Executive Director
Effective 5 years ago


RCL FOODS
South Africa - Food & Catering
Non-Executive Chairman
Effective 6 years ago

Appointed to the board 8 years ago


REMGRO
South Africa - Holdings & Investments
Chief Executive Officer
Effective 6 years ago

Appointed to the board 8 years ago


RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Non-Executive Chairman
Effective 4 months ago

Appointed to the board 7 years ago

Non-Executive Deputy Chairman
2016 - 2018 (Appointed to the board in 2010)

GRINDROD
South Africa - Conglomerates
Non-Executive Director
2012 - 2016 (Appointed to the board in 2012)
157 relationships

G... G...

Independent Non-Executive Director
Appointed to the board 5 years ago
ALLIED ELECTRONICS CORPORATION
ALTRON
South Africa - Technology & IT
Independent Non-Executive Director
Appointed to the board 6 years ago


FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Director
Appointed to the board 5 years ago


GRINDROD
South Africa - Conglomerates
Independent Non-Executive Director
Appointed to the board 5 years ago


SANTAM
South Africa - Finance | Insurance
Non-Executive Chairman
Effective 6 years ago


WESBANK
South Africa - Finance | Banking
Independent Non-Executive Director
Ongoing

92 relationships

P... M...

Independent Non-Executive Director
Appointed to the board 20 years ago
FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Director
Appointed to the board 20 years ago


RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Lead Independent Non-Executive Director
Effective 30 years ago


RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Lead Independent Non-Executive Director
Left 3 months ago

66 relationships

N... N...

Independent Non-Executive Director
Appointed to the board 14 years ago
FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Director
Appointed to the board 14 years ago


MASSMART HOLDINGS
South Africa - Retail | Consumer Goods
Non-Executive Director
Appointed to the board 11 years ago


SUN INTERNATIONAL
South Africa - Hotels & Hospitality
Non-Executive Director
Appointed to the board 12 years ago


TSEBO SOLUTIONS GROUP
South Africa - Services
Non-Executive Chairman
Ongoing

95 relationships

P... K...

Non-Executive Director
Appointed to the board 26 years ago
FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 26 years ago

Chief Executive Officer
1999 - 2005
Executive Director
1998 - Unknown

REMGRO
South Africa - Holdings & Investments
Independent Non-Executive Director
Appointed to the board 16 years ago


RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Non-Executive Director
Effective 30 years ago


RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Non-Executive Director
Effective 7 years ago


RAND MERCHANT BANK
RMB
South Africa - Finance | Banking
Chief Executive Officer
1992 - 2009
Deputy Managing Director
1991 - 1992
Executive Director
1985 - Unknown

DISCOVERY HOLDINGS
South Africa - Finance | Insurance
Non-Executive Director
2007 - 2007 (Appointed to the board in 2007)
81 relationships

E... G...

Independent Non-Executive Director
Appointed to the board 8 years ago
FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Director
Appointed to the board 8 years ago


DISTELL GROUP
South Africa - Beverages & Wines
Non-Executive Director
Appointed to the board 3 years ago


CAPEVIN HOLDINGS
South Africa - Holdings & Investments
Non-Executive Director
Effective 3 years ago

57 relationships

A... T...

Non-Executive Director
Appointed to the board 10 years ago
FIRSTRAND
South Africa - Financial Services
Non-Executive Director
Appointed to the board 10 years ago


VERIMARK HOLDINGS
South Africa - Retail | Consumer Goods
Independent Non-Executive Director
Appointed to the board 1 year ago


HULAMIN
South Africa - Metal & Steel
Independent Non-Executive Director
Effective 1 year ago


PARACON
South Africa - Recruitment & Human Resources
Non-Executive Director
2005 - Unknown (Appointed to the board in 2005)
47 relationships

Left the company less than a year ago

J... P...

Chief Executive Officer
Left 4 months ago
FIRSTRAND
South Africa - Financial Services
Chief Executive Officer
Left 4 months ago

Deputy Chief Executive Officer
2013 - 2013
Financial Director
2009 - 2013
Chief Operating Officer
2009 - 2013
Chief Operating Officer
2008 - Unknown
Executive Director
2009 - Unknown

RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Non-Executive Director
Effective 4 years ago


RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Independent Non-Executive Director
Effective 4 years ago


WESBANK
South Africa - Finance | Banking
Director
Ongoing


MMI HOLDINGS
South Africa - Holdings & Investments
Non-Executive Deputy Chairman
2011 - 2016
Non-Executive Director
2002 - 2016 (Appointed to the board in 2002)
Non-Executive Deputy Chairman
2011 - 2016
Non-Executive Director
2002 - 2016 (Appointed to the board in 2002)

DISCOVERY HOLDINGS
South Africa - Finance | Insurance
Non-Executive Director
2002 - 2007 (Appointed to the board in 2002)
80 relationships

L... L...

Non-Executive Chairman
Left 4 months ago

Appointed to the board 26 years ago
FIRSTRAND
South Africa - Financial Services
Non-Executive Chairman
Left 4 months ago

Appointed to the board 26 years ago

Chief Executive Officer
Unknown - 2005
Director
1992 - Unknown

RMB HOLDINGS
RMH
South Africa - Holdings & Investments
Non-Executive Director
Effective 30 years ago


RAND MERCHANT INVESTMENT HOLDINGS
RMI
South Africa - Holdings & Investments
Non-Executive Director
Effective 7 years ago


OUTSURANCE INSURANCE COMPANY
South Africa - Finance | Insurance
Non-Executive Chairman
Appointed to the board 20 years ago


MMI HOLDINGS
South Africa - Holdings & Investments
Non-Executive Chairman
1999 - 2011

DISCOVERY HOLDINGS
South Africa - Finance | Insurance
Chairman
Unknown - 2007
92 relationships

B... J...

Independent Non-Executive Director
Left 8 months ago
EMIRA PROPERTY FUND
South Africa - Property & Real Estate
Non-Executive Chairman
Left 1 year ago

Appointed to the board 14 years ago


FIRSTRAND
South Africa - Financial Services
Independent Non-Executive Director
Left 8 months ago


LEWIS GROUP
South Africa - Furniture & Facilities
Independent Non-Executive Director
Left 9 months ago


NASPERS
South Africa - Media & Marketing
Non-Executive Director
Ongoing


MMI HOLDINGS
South Africa - Holdings & Investments
Independent Non-Executive Director
Appointed to the board 8 years ago


DISTELL GROUP
South Africa - Beverages & Wines
Independent Non-Executive Director
Left 9 months ago

Appointed to the board 10 years ago


WESBANK
South Africa - Finance | Banking
Independent Non-Executive Chairman
Ongoing


PICK N PAY STORES
South Africa - Retail | Consumer Goods
Independent Non-Executive Director
2000 - 2015 (Appointed to the board in 2000)

INDEPENDENT DEVELOPMENT TRUST
IDT
South Africa - Building & Civil Engineering
Deputy Chief Executive Officer
1995 - 1998

MOMENTUM RETAIL
South Africa - Financial Services
Non-Executive Director
1998 - Unknown (Appointed to the board in 1998)
168 relationships

J... H...

Independent Non-Executive Director
Left 8 months ago
MANAGEMENT

S... M...

Head, Human Capital And Sustainability
Ongoing

A... W...

Treasurer
Ongoing



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