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Investec

#2367

Rank

$6.41B

Marketcap

GB United Kingdom

Country

Investec
Leadership team

Mr. Fani Titi B.Sc., BSc (Hons), M.A., M.B.A., MA, MBA (Group CEO & Exec. Director)

Mr. Nishlan Andre Samujh BAcc, CA(SA), Dip (Tax) (Group Fin. Director, CFO & Exec. Director)

Mr. Hugo Steyn (Head of SA Corp. Fin. Bus.)

Products/ Services
Banking, Financial Services
Headquarters
Cape Town, NA - South Africa, South Africa
Established
1974
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
INVR.L
Social Media
Overview
Location
Summary
Investec Group provides various financial products and services in the United Kingdom South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, discretionary wealth management, financial planning, stockbroking/execution, pensions and retirement, and investment advisory services for private clients, charities, pension funds and trusts. It also provides specialist banking products and services comprising private banking products, such as lending, savings, foreign exchange, private capital, and transactional banking services; corporate and investment banking products, including lending, advisory, hedging, cash deposits and savings, and equity placement services to government, institutions, corporates, and intermediaries. Investec Group was founded in 1974 and is based in Sandton, South Africa.
History

Investec was founded as a small leasing and financing company in 1974 in Johannesburg, South Africa, by Larry Nestadt, Errol Grolman and Ian Kantor. It has expanded through growth and acquisitions. It secured a banking licence in 1980 and was first listed on the JSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company. In 1988, Investec Bank Limited was restructured into Investec Group Limited , giving Investec Management and staff control of the company.In 1990, Investec acquired property management company I. Kuper & Company Limited, Corporate Merchant Bank Limited and trade finance company Reichmans Limited. Investec entered the UK market in 1992, by acquiring London-based Allied Trust Bank Limited , its first international acquisition. In 1998, Investec acquired Guinness Mahon, a leading London based merchant bank, and Henderson Crosthwaite, its stockbroking arm, for £95 million. It also bought Hambros plc, another London-based merchant bank the same year. It was first listed on the London Stock Exchange in 2002. In 2003, in a Black Economic Empowerment transaction empowerment partners acquired a 21.5% stake in the South Africa-listed Investec.

In 2005, Investec sold its UK private client stockbroking operation, Carr Sheppards Crosthwaite Limited to Rensburg plc. Investec retains a 47.7% interest in the combined entity, Rensburg Sheppards plc. In 2007, Investec plc acquired Kensington Group plc and Experien Ltd.Investec plc acquired the remaining shares in Rensburg Sheppards plc in 2010. This business has since been rebranded as Investec Wealth & Investment and incorporates other wealth activities previously operated through the bank.In June 2012, Investec plc completed the €32 million acquisition of Irish brokerage firm, NCB. As a result, Investec now employs more than 240 specialists in Ireland.In December 2017, Investec acquired Amicus Commercial Finance and rebranded it as Investec Capital Solutions.In September 2018, following a strategic review, the Boards of Investec plc and Investec Limited announced that Investec Asset Management would become a separately listed entity. In March 2020, the Asset Management business was demerged and listed as Ninety One plc. The new name is in recognition of the brand's heritage – it was in 1991 that the investment firm was started in South Africa.

Mission
Our purpose is to make every client interaction count by providing specialist advice and tailored solutions with the utmost integrity.
Vision
To be the most respected specialist bank and asset manager wherever we do business.
Key Team

Lyndon Subroyen (Group Head of Digital & Technology)

Dr. Marc Simon Kahn (Global Head of People & Organization)

Mr. Lesley R. Penfold (Global Head of Share Schemes & Secretarial)

Mr. Vincent Langlois (Head of Principal Investments - South Africa)

Mr. Setlogane Manchidi (Head of Corp. Social Investment)

Mr. Stuart Spencer (Chief Operating Officer of The SA Specialist Banking Bus.)

Mrs. Kathryn Farndell (Head of Compliance -South Africa)

Recognition and Awards
Investec has won numerous awards including the 2019 Global Structured Finance Deal of the Year by the International Financing Review, the 2018 European Private Banker of the Year by the European Private Banking Awards, and the 2018 Specialist Private Bank of the Year by Private Banker International.
References
Investec
Leadership team

Mr. Fani Titi B.Sc., BSc (Hons), M.A., M.B.A., MA, MBA (Group CEO & Exec. Director)

Mr. Nishlan Andre Samujh BAcc, CA(SA), Dip (Tax) (Group Fin. Director, CFO & Exec. Director)

Mr. Hugo Steyn (Head of SA Corp. Fin. Bus.)

Products/ Services
Banking, Financial Services
Headquarters
Cape Town, NA - South Africa, South Africa
Established
1974
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
INVR.L
Social Media