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Rand Merchant Bank i-banking co-head to resign

Carel Vosloo, Rand Merchant Bank's co-head of investment banking, is resigning at September-end, the South African bank told Bloomberg News.

Vosloo, who has served in the post for nearly six years, will join Rand Merchant Bank's corporate and institutional executive committee. Emrie Brown will become sole head of the division.

Rand Merchant Bank is a unit of FirstRand Ltd.