Michael Larbie appointed RMB’s Head of International and Broader Africa


…To focus on client growth and flows into Africa

Michael Larbie has been appointed Head of International and Broader Africa at Rand Merchant Bank (RMB) from 1 November 2022. Previously he was CEO and Managing Director of RMB Nigeria Limited, and Regional Head of West Africa.

RMB CEO Emrie Brown said: “Michael brings years of experience and outstanding leadership to this integrated portfolio. With over US$30billion worth of advisory and financing transactions across North America, South America, Europe, Asia and Africa in his career to date, I’m confident that Michael will be key in realising RMB’s geographic expansion strategy and the future growth of our business”.

In taking up his new role, Larbie said his focus will be on helping African businesses and governments get through the current difficult economic and socio-political environment, while stepping up RMB’s efforts to facilitate investment flows into Africa.

“Times are tough, but global investors are always on the lookout for good opportunities. We will continue to tap investor flows into the continent and provide our on-the-ground insights and expertise. With our ambitions comes the responsibility to make a better Africa, which includes helping drive ESG principles toward a more sustainable future for our clients and the societies we operate in.”

Larbie noted that much of his current focus is advising African businesses on how to navigate a volatile economic environment of weakening local currencies, rapidly rising inflation, higher energy costs, higher interest rates and ongoing power shortages across the continent.

“In unpredictable times, businesses need to ensure they optimally manage their cash flows and margins. Which means ensuring they manage their currency exposures, raw material and input costs while also managing interest rate risk.

Larbie added that a growing focus for RMB is an increase in climate adaption and mitigation finance and advisory across the continent. “Sustainable finance and ensuring companies are tailoring their business to meeting ESG ambitions is a growing priority.”

Prior to joining RMB in 2010, Michael was the Head of Corporate and Investment Banking for sub-Saharan Africa (excluding SA) at Bank of America Merrill Lynch; and before that, Head of Financial Institutions Investment Banking for Africa in London at the same bank.

Larbie holds an MBA in Finance and Entrepreneurial Management from The Wharton School and a Bachelor’s degree in Accounting and Sociology from the University of Ghana. Michael is currently a board member of First National Bank Ghana, a member of RMB’s Corporate and Investment Banking Executive Committee, and a member of FirstRand’s Broader Africa Executive Committee.

About RMB

Rand Merchant Bank (RMB) is a leading African Corporate and Investment Bank, and part of one of the largest financial services groups (by market capitalisation) in Africa – FirstRand Bank Limited. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

At RMB we are passionate about solving problems for our clients by asking the hard questions. We challenge accepted thinking. We analyse and seek solutions beyond the obvious. We are innovative in our thinking and turn challenges into opportunities. We call ourselves Solutionist Thinkers who deliver on Traditional values. Innovative ideas.

Our ability to think differently, our collaborative spirit, our client-centric solutions and our belief that great minds don’t always have to think alike, is what sets us apart. As the Corporate and Investment arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), we have access to a network of retail banks in 25 African countries – including representative offices and branches in the UK, India and China.

RMB Nigeria Limited is an Authorised Financial Services Provider and a subsidiary of the FirstRand Group. RMB Nigeria offers a comprehensive suite of investment banking products and services; advisory, finance and trading solutions; investment opportunities and fund management.

Leave a Reply