Investec plans to float £109bn funds arm
Hendrik du Toit to lead separated investment group
Hendrik du Toit to lead separated investment group
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.
A deep understanding of the link between government and business is at the heart of Andrew Summers’ success at Investec Wealth & Investment, putting his knowledge of the changing role of the state and the private financial sector to work in championing his funds.
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.
Brown Shipley has hired Investec Wealth and Investment’s Andrew Butler-Cassar as head of its London office.
Cavendish Asset Management has hired veteran broker Nick Burchett from Investec Wealth & Investment to work in-house as head of UK equities.
John Lewis’ profits halved over the first six months of the year, but results from Next and Morrisons pointed to glimmers of hope for UK retail.
JO Hambro Capital Management (JOHCM) has strengthened its UK intermediary sales team with the hire of two sales managers.
Investec Wealth & Investment has expanded its Cheltenham office with the hire of an associate director in financial planning.
Three former Julius Baer executives have joined the London office of Investec Wealth & Investment as senior investment directors.
February saw UK headline CPI rise to 2.3% – its highest level since November 2013 – introducing a “two-sided risk” to the economy.
HSBC kicked off a week in which all the major British banks are due to report with several missteps in its final results, leaving analysts split on the stock’s prospects moving forward.