| Type | Public company (JSE: INL, LSE: INVP) |
|---|---|
| Industry | Investment Banking and Asset Management |
| Founded | Johannesburg, 1974 |
| Headquarters | London, United Kingdom Sandton, South Africa |
| Key people | Hugh Herman, Chairman Stephen Koseff, CEO Bernard Kantor, MD |
| Products | Private Banking Capital Markets Investment Banking Asset Management Property Activities Wealth Management Investment Management |
| Revenue | £2,726.0 million (2010)[1] |
| Operating income | £409.9 million (2010)[1] |
| Net income | £327.3 million (2010)[1] |
| Employees | 5,951 worldwide (2009) |
| Subsidiaries |
Investec plc (on LSE): Investec Bank plc Investec Bank (Australia) Ltd Kensington Group plc Investec Wealth and Investment Ltd Leasedirect Finance Ltd Investec Limited (on JSE): Investec Bank Ltd Investec Bank (Mauritius) Ltd Investec Securities Ltd Investec Asset Management Holdings (Pty) Ltd Investec Property Ltd Investec Bank Switzerland AG (IBSAG) |
| Website | www.investec.com |
Investec (JSE: INL, LSE: INVP) is an international specialist banking and asset management group. It provides a range of financial products and services to a select client base in three principal markets: the United Kingdom, South Africa and Australia.[2] Investec is listed on the London Stock Exchange[3] and the Johannesburg Stock Exchange.[4] Investec is a FTSE 250 company.[5]
Investec's South African headquarters are at 100 Grayston Drive Sandown, Sandton.
Investec's UK headquarters are at 2 Gresham Street in Central London.
Contents |
Investec was founded as a small leasing and financing company in 1974 in Johannesburg by Larry Nestadt, Errol Grolman and Ian Kantor. It has expanded through a combination of organic growth and strategic acquisitions.[6]
It secured a banking licence in 1980[7][8] 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 ("IGL"), giving Investec Management and staff control of the company.[7]
In 1990, Investec acquired property management company I. Kuper & Company (Pty) Limited, Corporate Merchant Bank Limited (formerly Hill Samuel Merchant Bank Limited) and trade finance company Reichmans Limited.[7]
Investec entered the UK market in 1992, by acquiring London- based Allied Trust Bank Limited ('ATB'), this was the first international acquisition by the Group.[7]
In 1998 Investec acquired Guinness Mahon, a leading London based merchant bank, and Henderson Crosthwaite, its stockbroking arm, for £95m.[9] It also bought Hambros plc, another London based merchant bank the same year.[10]
It was first listed on the London Stock Exchange in 2002.[7] In 2003 in a Black Economic Empowerment transaction[7] 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.[11]
In 2007 Investec plc acquired Kensington Group plc[12] and Experien (Pty) Ltd.[13]
Investec plc acquired the remaining shares in Rensburg Sheppards plc in 2010.[14]
Investec employs approximately 6,000 people worldwide and operates primarily in South Africa, the United Kingdom and Australia. It also has banking operations in Ireland, Switzerland, Mauritius, Guernsey, Hong Kong, Jersey, Namibia, Botswana, Canada, Taiwan and the United States.[6]
Investec is organised as a network comprising six business divisions: Asset Management, Wealth & Investment, Property, Private Banking, Investment Banking and Capital Markets.[6] The head office provides certain group-wide integrating functions and is also responsible for central funding and the Trade Finance business.
In July 2002, Investec became the first South African company to list on both the London and Johannesburg stock exchanges, by implementing a dual listed companies (DLC) structure.[15]
The main features of the DLC structure are:
Investec's approach to transformation within South Africa involves:
Investec is involved in a number of rugby sponsorships around the world, as they feel that "rugby embodies Investec's beliefs in collaborative teamwork, innovative play and determination and it’s for these reasons that we support many rugby initiatives".[17]
Investec currently sponsors the Investec Internationals Series (formerly the Investec Challenge) played at Twickenham Stadium, England.[18] This sponsorship was renewed in early 2010, extending the sponsorship till the end of 2011.
Investec is in the third year as the sponsor of the Investec Super Rugby competition in Australia, New Zealand and South Africa.[19][20]
Investec also supports the International Rugby Academy South Africa which aims to capitalise on an untapped demand for high performance in playing and coaching rugby in South Africa.[21][22]
In 2010 Investec announced that they are the official sponsors of the Tri Nations rugby competition in New Zealand for the second year running.[23][24]
Investec has become a long term sponsor of the Epsom Derby festival in the UK until 2013. The illustrious horse-racing event is now known as the Investec Derby.[25][26]
Investec also sponsors the Investec Cape Derby in South Africa.[27]
Investec has become the official shirt sponsor for Tottenham Hotspur's domestic cup games and UEFA Champions League games for the 2010/2011 and UEFA Europa League games for the 2011/2012 seasons. This sponsorship marked the first promotion into the football world for Investec.[28][29][30]
Other sponsorships include the Nelson Mandela 90th Birthday Tribute in London's Hyde Park[31] and Russian Tennis Player Elena Dementieva for the 2008 Wimbledon tournament as well as the Australian Open in January 2009.[32]
They have also recently secured a sponsorship deal with the English Cricket Board, Sponsoring the English test cricket side for 10 years.[33]
|
||||||||||||||
|
||||||||