Rand Merchant Bank Managing Director

Rand Merchant Bank Managing Director

The year 2015 will for many years to come, stand out as a milestone year for James Formby when he assumed his new position as Chief Executive Officer (CEO) of RMB.

James is no newcomer to the financial services industry. He started his journey as an undergraduate at the University of Cape Town and finished his BCom (Hons) in 1991. He qualified as a Chartered Accountant (CA)(SA) a year later and was placed tenth in the Final Qualifying Exam that year. He completed his accounting articles at Deloitte and Touche in Johannesburg and then completed an MPhil in Management Studies at Cambridge University.

James joined RMB in 1997 as a Corporate Finance Transactor and later became a Team Leader. His transactional skills and ability to structure large deals made him a core member in many key BEE transactions, IPOs, de-listings, Mergers & Acquisitions, and disposals.

In 2009 James was appointed Deputy Head of RMB’s Investment Banking division, followed by a promotion in 2010 to Head of Coverage. James was also appointed to the RMB Management and Proprietary Boards at the time.

James is married and has two children.

Quotable quote

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“One of the primary features of our environment that I believe has contributed to our competitive distinction, is our ability to unlock discretionary energy and liberate specialist talent.”