Company: FirstRand Namibia
Country: Namibia
Sector: Major Banks
CEO: Conrad Dempsey (Group Chief Executive Officer)
Website: https://www.firstrandnamibia.com.na/
Careers Page: https://www.firstrandnamibia.com.na/careers/
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Windhoek, Namibia
Founded: Not publicly listed
Valuation/Revenue: $682.5m market value (African Business Top 250, 2025 ranking)
FirstRand Namibia is Namibia’s largest listed financial services group by market capitalisation, operating an integrated portfolio of banking, investment and insurance businesses under the FNB, RMB, WesBank, Ashburton Investments and Pointbreak Wealth Management brands. It is a subsidiary of South Africa’s FirstRand Limited but maintains broad-based local Namibian shareholding and a separate listing on the Namibian Stock Exchange (NSX).
What Does FirstRand Namibia Do?
The group provides transactional banking, lending, investment and insurance products through five distinct divisions: FNB Namibia handles retail and commercial banking through a country-wide branch and agency network; RMB Namibia provides corporate and investment banking; WesBank Namibia focuses on vehicle and asset finance; Ashburton Investments Namibia offers asset management; and Pointbreak Wealth Management serves high-net-worth clients. This diversified model allows FirstRand Namibia to serve everything from individual retail customers to large corporates and institutional investors across the Namibian economy.
How Big Is FirstRand Namibia?
African Business’s Top 250 (2025) placed FirstRand Namibia’s market value at approximately $682.5 million, and the group has repeatedly been described as the largest company by market capitalisation listed on the Namibian Stock Exchange. The group has reported strong recent profitability, with FirstRand Namibia posting a group profit of around N$1.7 billion in a recent reporting period, reflecting robust performance across its banking and investment divisions despite a relatively small domestic economy.
Who Is the CEO of FirstRand Namibia?
Conrad Dempsey serves as Group Chief Executive Officer of FirstRand Namibia, a chartered accountant (CA(Nam), CA(SA)) who also holds CGMA and AMCT designations and an MPhil degree. He took over the top job as part of a planned leadership succession, with the outgoing CEO stepping back to allow Dempsey, previously a senior finance executive within the group, to take the helm. Under Dempsey, FirstRand Namibia has continued a broader succession drive across its divisions: in 2026 the group announced Philip Chapman as CEO of FNB Commercial and Daniel Motinga as CEO of RMB Namibia, moves the company described as part of its long-term succession planning.
Who Owns FirstRand Namibia?
FirstRand Limited, the Johannesburg Stock Exchange-listed South African financial services giant, is the ultimate holding company of FirstRand Namibia. However, FirstRand Namibia maintains what it describes as “broad-based local Namibian shareholding,” with a portion of its shares held by Namibian individual and institutional investors through its NSX listing, satisfying local ownership and empowerment expectations in the Namibian financial sector.
Is FirstRand Namibia Publicly Traded?
Yes. FirstRand Namibia Limited is listed on the Namibian Stock Exchange (NSX) under the ticker FNB, and it is widely cited as the exchange’s largest company by market capitalisation.
How Does FirstRand Namibia Compare to Its Competitors?
FirstRand Namibia’s main rivals in the Namibian banking sector include Bank Windhoek (part of the Capricorn Group), Standard Bank Namibia, and Nedbank Namibia. FirstRand Namibia’s scale advantage and diversified divisional structure, spanning retail banking, corporate/investment banking, asset finance and wealth management, differentiate it from smaller single-focus competitors in the market.
What Has FirstRand Namibia Been in the News For Recently?
Leadership succession has been a major recent storyline, with the 2026 appointments of new CEOs for FNB Commercial and RMB Namibia following Conrad Dempsey’s earlier elevation to Group CEO, moves that local media framed as evidence of deliberate, multi-year succession planning within the group rather than reactive change. The group has also continued to report solid financial results, including billion-Namibia-dollar-scale annual profits, reinforcing its position as the anchor company on the Namibian Stock Exchange.
Where Is FirstRand Namibia Headquartered?
FirstRand Namibia’s operations are anchored in Windhoek, Namibia’s capital, where the group’s head office coordinates its country-wide branch and agency network across all thirteen of Namibia’s regions, serving a geographically dispersed population in a country roughly the size of France or Texas but with a comparatively small population.
How Do I Apply for a Job at FirstRand Namibia?
FirstRand Namibia lists open roles across its FNB, RMB, WesBank and other divisions on its dedicated careers page, with additional postings periodically appearing on Namibian job portals and the broader FirstRand group’s recruitment channels.
How Do I Contact FirstRand Namibia?
General customer queries are handled through the FNB Namibia branch network, call centre and digital banking channels, while investor relations, media and corporate enquiries are typically routed through the group’s Windhoek head office; the group does not publish a single public group-wide email address on its corporate site.
Links
Website: https://www.firstrandnamibia.com.na/
Careers Page: https://www.firstrandnamibia.com.na/careers/
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is FirstRand Namibia legit?
Yes, it is the largest company by market capitalisation on the Namibian Stock Exchange and a subsidiary of South Africa’s FirstRand Limited.
Who is the CEO of FirstRand Namibia?
Conrad Dempsey is the Group Chief Executive Officer.
Who owns FirstRand Namibia?
FirstRand Limited (South Africa) is the ultimate holding company, alongside broad-based local Namibian shareholders via the NSX listing.
Where is FirstRand Namibia headquartered?
In Windhoek, Namibia.
Is FirstRand Namibia publicly traded?
Yes, on the Namibian Stock Exchange under the ticker FNB.
What divisions does FirstRand Namibia operate?
FNB Namibia, RMB Namibia, WesBank Namibia, Ashburton Investments Namibia and Pointbreak Wealth Management.