Company Profile

FirstRand is an integrated financial services group structured with critical mass to take advantage of the blurring of boundaries in the financial services industry and the convergence of products and services. The group provides a comprehensive range of products and services to the South African market and niche products in certain international markets.

These products include...

Banking

Insurance
Retail banking Life insurance
Investment banking Health Insurance
Corporate banking Asset Management
Private banking Employee Benefits
Wealth management Short-Term Insurance

Business Philosophy

FirstRand is differentiated by its unique business philosophy, de-centralised structure, owner-manager culture and portfolio branding strategy.

Listed on the JSE and the Namibian Stock Exchange, FirstRand Limited is an integrated financial services group providing a comprehensive range of products and services to the South African market and niche products in certain international markets.

The Group is differentiated by its decentralised structure and owner-manager culture. It has a portfolio branding strategy and there are a number of leading brands within the Group such as Rand Merchant Bank ("RMB"), First National Bank ("FNB"), WesBank, Momentum and Discovery.

100%
FirstRand Bank Holdings Limited
 
Banking

 
The FirstRand Banking Group is a wholly-owned subsidiary of FirstRand Limited and owns 100% of FirstRand Bank which is the third largest bank, by equity, in South Africa. FirstRand Bank represents 80% of the Group's profits.

Banking Group


100%
Momentum Group Limited
  Insurance & Asset Management  
Momentum is an intermediary-focused company that differentiates itself from its competitors through responsible product innovation and service excellence. It achieves this by providing excelent service and innovative products to its customers and intermediaries.




57.1%
Discovery Holdings Limited
 
Health & Insurance
 
Discovery operates in the health and life assurance markets, specialising in financing and managin health-related risk. Its business model is based on engaging consumers in their health management.




 


Legal Information
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