FirstRand Ltd. operates as a holding company. The firm engages in the provision of banking, insurance and investment products and services to retail, commercial, corporate and public sector customers. It operates through the following segments: FNB, RMB, WesBank, Aldermore and FCC and Other. The FNB segment represents the company's activities in the retail and commercial segments. The RMB segment covers the group's activities in the corporate and investment banking segments. The WesBank segment composes of the group's activities in the installment credit, fleet management and related services in the retail, commercial and corporate segments. The Aldermore segment focuses on specialist lending across the following areas: asset finance, invoice finance, small-medium sized enterprises, commercial mortgages, residential mortgages and buy-to-let. The FCC and Other segment deals with group-wide functions, including group treasury, finance, tax, enterprise risk management, regulatory and conduct risk management and internal audit. The company was founded in February 1998 and is headquartered in Johannesburg, South Africa.