RMB's CEO James Formby has stepped down after seven years in the role, and is handing over the baton to the head of the company's banking division Emmarentia "Emrie" Brown.
FirstRand said that Brown would take over as RMB CEO role on October 1, after working through the ranks of the corporate and investment bank for 21 years.
"FirstRand’s succession planning is focused on building talent pools that enable promotion from within, thus ensuring strategic and operational continuity," it said.
Brown began at RMB in 2001, and has been a member of RMB’s senior management team for some time. RMB's said its banking division, headed by Brown, represents the most significant portion of its total earnings,
"Ms Brown has extensive experience in lending, advisory, corporate transactional and investment banking, and has built strong, long-term client relationships," it said.
Brown is quoted on the company's website profile of her as saying that a career "can be much more like a jungle gym than the traditional career ladder in your journey to achieve success".
"How you define success and the sacrifices that you are prepared to make, are decisions that will be required along the way and will be different for each person. As women we don’t have to 'man up' to be successful in financial services."
FirstRand said it was grateful to Formby for his "careful and dedicated stewardship of RMB".
"Mr Formby has a number of options available to him within the broader group, which he is considering."