Rand merchant coverage Holdings Ltd., which owns stakes in
four insurers, hired Chris Meyer, head of RMB Morgan Stanley, as the protecting
organisation run by a former Deutsche financial institution AG govt adds
funding skills.
Meyer will depart on the quit of October to enroll in RMI,
RMB Morgan Stanley, an equity-studies joint challenge among FirstRand Ltd.’s
investment bank and ny-based totally Morgan Stanley, said in an e-mailed
declaration nowadays.
Meyer, the second one fairness research professional to join
Johannesburg-based totally RMI in view that June, spent eight years as leader
government officer of RMB Morgan Stanley, voted South Africa’s pinnacle income
group in economic Mail’s 2014 rating the Analysts survey. Matthew Rattray,
currently deputy CEO, replaces Meyer.
RMI is the most important shareholder in Discovery Ltd. and
MMI Holdings Ltd., which together have a mixed marketplace fee of extra than a
hundred and one.4 billion rand ($9.1 billion). Herman Bosman, who previously
headed Deutsche bank in Johannesburg, was named CEO- designate of RMI from
March this 12 months and has employed Meyer and Voyt Krzychylkiewicz, the
united states of america’s 0.33-high-quality banks analyst, consistent with the
monetary Mail document.
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