Grindrod Bank
Rakesh Garach has a diverse work experience spanning several industries. Rakesh started their career at Ernst & Young as a Partner and Head of the Financial Services Group, where they focused on providing solutions for local financial institutions and mentoring Black professional staff. Rakesh then moved on to Deutsche Bank South Africa, where they served as the Chief Operating Officer and played an integral role in managing the operations of equities, corporate finance, and banking activities. Rakesh also served as the Executive Director and founding member of Saura Private Equity Group, where they focused on investing in manufacturing and owner-managed businesses. Additionally, they served as the Chairman and Independent Non-executive Director of the National Empowerment Fund and Telkom Foundation, as well as on the boards of other companies. Currently, Rakesh holds the position of Executive Director and CFO at Grindrod Bank, where they are responsible for the financial, governance, and operational aspects of the bank.
Rakesh Garach attended the University of KwaZulu-Natal from 1983 to 1987. However, the specific degree and field of study pursued by Rakesh during this period are not mentioned in the provided information.
Grindrod Bank
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GRINDROD BANK is a competitive specialist investment bank that provides bespoke financial services to private, corporate and institutional clients. Our service excellence is underpinned by our personalised relationships with clients. Our vision is to be the preferred provider of targeted financial service in our community based on strong customer relationships. We will strengthen these relationships by providing the right solutions that combine our technology, experience, and financial strength. We strive to create customer loyalty, shareholder value, and employee satisfaction. Our mission as a specialist investment bank is to help our private, corporate and institutional clients to achieve their financial goals by providing personalised service and bespoke products. We leverage our balance sheet, our skilled human capital and our client relationships to sustain competitive performance. By creating wealth for our clients and lending to small and medium-sized businesses, we contribute to economic growth. Our activities span property lending and corporate banking activities including: • Vanilla & mezzanine property finance • Working capital facilities • Term debt • Leveraged & management buyout finance; and • Empowerment finance Treasury raises deposits; funding and manages surplus liquidity. Deposit and cash investment products include: • Call deposits • Fixed deposits • Prime-linked notice deposits; and • Domestic medium-term note (DMTN) programme Platform Banking offers niche alliance banking products and services including: • Enablement of retail deposit-taking & transactional accounts • White labelled prepaid & debit cards • Acquiring ATMs • Bill payments and value-added services access Grindrod Bank augments its corporate finance capabilities through Oaklins, a global team of 850+ financial advisory professionals in 45 countries providing M&A, growth equity, ECM, debt advisory and corporate finanance services to entrepreneurs, corporates and investors.