Investec launches bond fund for rising interest rates
Investec Asset Management has said it is seeking to capture outflows from gilts and UK corporate bonds as it launches an Oeic version of its Global Total Return Credit Sicav for UK advisers and wealth managers.
Investec Group loses three founding members amid board reshuffle
Investec chief executive officer (CEO) Stephen Koseff and managing director Bernard Kantor are stepping down from their roles as of 1 October 2018, while risk and finance director Glynn Burger is set to retire on 31 March 2019.
Investec profits rise in wealth and fund management arms
Investec Wealth & Investment (IW&I) has reported a 14.1% growth in its operating profit in the six months to 30 September as its assets under management (AUM) grew to £51.3bn.
Investec warns of lower profits, despite healthy AM inflows
Investec cautioned profits would be “slightly behind the prior year”, despite positive H1 net inflows in its asset management arm.