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RMB's executive succession planning

Johannesburg - Shareholders of RMB Holdings [JSE:RMH] are advised that Herman Bosman will join the RMH Board on March 31 2014 as chief executive officer designate.

Bosman will succeed Peter Cooper, who intends to retire from his executive positions in the last quarter of 2014 after 22 years of service with the group.

After the transition period it is envisaged that Cooper will continue his involvement with the group in a non-executive capacity.

Bosman (45) holds an LLM degree (cum laude) from the University of Johannesburg and is a chartered financial analyst. He served as chief executive of Deutsche Bank South Africa from 2006 to 2013.

Prior to that he was in the employ of Rand Merchant Bank for twelve years and ultimately headed up its corporate finance practice between 2000 and 2006.

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