Investec Bank

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Investec (JSE: INL and LSE: INVP) is an international specialist banking group that caters to the high-end market, providing a diverse range of financial products and services.

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[edit] History

The company was established as a leasing company in 1974 in Johannesburg and acquired a banking license in 1980. In 1986, Investec listed its stock on the Johannesburg Securities Exchange in South Africa. Since July 2002, Investec has been a dual-listed company consisting of Investec Limited (Johannesburg) and Investec PLC (London).

The group operates five business units:

In 1998 Investec acquired Guinness Mahon, a leading London based merchant bank for £95m: the deal also involved the purchase of Henderson Crosthwaite, a firm of stockbrokers.[1]

[edit] Directors

The Current Directors are Stephen Koseff (Chief Executive Officer), Bernard Kantor (Managing Director), Glynn Burger, and Alan Tapnack.

[edit] Operations

Currently, Investec operates primarily in South Africa, the United Kingdom, and Australia. The group also has banking operations in Ireland, Switzerland, Mauritius, Guernsey and the United States.

[edit] Investec Asset Management

Investec Asset Management is a specialist investment manager, providing a premier range of products to institutional and individual investors.

Established in 1991, the firm has been built from start-up into an international business managing in excess of US $64bn* on behalf of third party clients. We have grown from domestic roots in the UK and Southern Africa to a position where we proudly serve a growing international client base from the Americas, Europe, Asia the Middle East and Africa. They employ over 100 investment professionals.

The firm seeks to create a profitable partnership between clients, shareholders and employees, and to exceed expectations for both client service and performance.

Investec Asset Management is an independently managed subsidiary of Investec Group.

[edit] Rugby

In October 2006, Investec acquired sponsorship rights to the Australian section of the international rugby union competition, the Super 14.

Investec Asset Management also operates in Hong Kong.

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