Rand Merchant Bank Nigeria has appointed Dalu Ajene Chief Executive Officer from November 1, 2022, as part of what it expects will facilitate greater foreign capital flows, while working to deliver constructive solutions to leading businesses across critical sectors in the country.
RMB CEO Emrie Brown expressed excitement at marking “10 years of doing business in Nigeria by welcoming Dalu to his new role. He brings exceptional local and international investment banking expertise to our clients. His appointment also underlines our growth ambitions in Nigeria and across the continent.”
RMB Nigeria opened its first office in Lagos in 2012 and has just opened its second office in Abuja for which it is actively hiring. It advises clients across key sectors of the economy from telecommunications, consumer goods and oil and gas; to infrastructure and increasingly, renewable energy.
Commenting on his appointment, Ajene said he is “humbled by the opportunity to take up this role at such a critical time for Nigeria. Like other countries, Nigeria is facing higher import costs, higher inflation, rising interest rates and dynamic macroeconomic conditions. But it’s in these times that opportunities always present themselves. We are seeing clients position themselves to take advantage of the volatility and we are working with these clients to proffer solutions to navigate them through the challenges they face.”
Ajene added that RMB Nigeria is well positioned to fund and advise Nigerian companies, but also help drive foreign direct investment into the country. “Attracting capital is fundamental to the success of any economy. RMB Nigeria is very well placed to work with investors to demystifying doing business in Nigeria and also to facilitate capital flows.”
Ajene promised to continue investing in people and the community which RMB Nigeria serves, expressing fulfilment and energy by our partnerships with those in need and will continue to prioritise all stakeholders. We are committed to clients and providing sustainable contributions that benefit the communities in which we all serve for the long term.”
Prior to his new role, Ajene was the head of Client Coverage at RMB in South Africa responsible for client origination teams in South Africa, Broader Africa and the UK. He also served as Deputy CEO and Head of Investment Banking at RMB Nigeria, where he previously headed up the Corporate Finance business.
Over his 21 years of experience he has executed over US$15-billion worth of advisory, capital markets and financing transactions in several continents including North America, Europe, Middle East and Africa.
He holds an MBA in Finance and Strategy from Harvard Business School and a Bachelor’s degree in Economics from Dartmouth College.