About RMB Holdings

RMB Holdings Limited, through its subsidiaries, provides a range of financial products and services to corporates and individuals in South Africa and internationally. Investments FirstRand Limited The company holds a 32.7% interest FirstRand Limited (the FirstRand Group), which is a financial services group with operations in both banking and insurance. Its operations are housed in two subsidiary groups under FirstRand Bank Holdings Limited and Momentum Group Limited. The FirstRand Banking Group provides customers with a range of products and services according to specific target market segments. The FirstRand Group consists of a portfolio of South Africa’s financial services operations, which are First National Bank (retail and commercial banking), Rand Merchant Bank (investment banking), WesBank (instalment finance), and Momentum (life insurance). First National Bank (FNB) services the retail, business, and medium corporate segments. In addition it provides transactional services to corporate clients. Rand Merchant Bank (RMB) is responsible for the corporate segment, to which it provides loans, value added advisory and structuring services. Momentum Group targets individuals in the middle and upper income markets, principally under the Momentum Life, Momentum Wealth, Momentum Health, RMB Asset Management, and Unit Trust brand names. WesBank is a movable asset financier in South Africa. Discovery Holdings Limited The company holds a 27.1% interest in Discovery Holdings Limited (Discovery), which services the health care funding and insurance markets in South Africa and the United Kingdom. Discovery develops financial services products and operates under the Discovery Health, Discovery Life, Discovery Invest, Vitality, PruHealth, and PruProtect brand names. FirstRand Short-term Insurance Limited The company holds a 61.9% interest in FirstRand Short-term Insurance Limited (OUTsurance), which a direct personal lines and small business short-term insurer. The OUTsurance Group conducts short-term insurance activities through direct short-term insurer OUTsurance (wholly-owned) and Momentum STI (a 50:50 joint venture with the Momentum Group). RMB Structured Insurance Limited The company holds an 80.6% interest in RMB Structured Insurance Limited, which holds both short-term and life assurance licenses. It creates bespoke insurance and financial risk solutions for corporations in South Africa. Glenrand M.I.B Limited The company holds a 15.8% interest in Glenrand M.I.B Limited, which is a risk advisory business with core interests in short-term insurance broking, risk advisory services, and the provision of claims and policy administration capabilities. History RMB Holdings Limited was founded in 1987.