South Africa’s FirstRand is strengthening its position in Africa with the appointment of Suresh Chaytoo to a newly-created post.

Chaytoo will work as a senior manager in FirstRand’s Africa banks and development finance institution, client coverage, in the corporate and investment banking division.

Based in Johannesburg, Chaytoo is tasked with building on and creating relationships between the banking group and entities in treasuries, investment banks and financial institutions.

Chaytoo will not be focusing on individual products.

“One of my roles is to broaden business with our existing clients, while creating new business too,” Chaytoo explains.

“We aim at growing our business in Africa, where we see exponential growth over the next few years.”

Chaytoo moves to FirstRand from his position of head of financial institutions in the Middle East and Africa for India’s ICICI bank.

He has two decades’ experience in the banking industry, more than 10 of those spent within corporate, trade finance and institutional banking.