Investec
 |
|
| Public company | |
| Traded as | JSE: INL, : |
| Industry | Financial services |
| 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 | £1,790.9 million (2015) |
| £485.0 million (2015) | |
| £245.5 million (2015) | |
| Subsidiaries |
Investec plc (on LSE):
List
Investec Limited (on JSE): List
|
| Website | www.investec.com |
Investec is an international specialist banking and asset management group. It provides a range of financial products and services to a client base in three principal markets: the United Kingdom, South Africa and Australia. Investec is dual listed on the and the Johannesburg Stock Exchange. Investec is a FTSE 250 company.
Investec's South African headquarters are at 100 Grayston Drive, Sandown, Sandton. Investec's UK headquarters are at 2 Gresham Street in Central London. Investec's Irish headquarters are at The Harcourt Building, Harcourt Street, in Dublin.
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.
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 ("IGL"), giving Investec Management and staff control of the company.
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.
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.
In 1998, Investec acquired Guinness Mahon, a leading London based merchant bank, and Henderson Crosthwaite, its stockbroking arm, for £95m. It also bought Hambros plc, another London based merchant bank the same year.
It was first listed on the in 2002. In 2003 in a Black Economic Empowerment transaction empowerment partners acquired a 21.5% stake in the South Africa-listed Investec.
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Wikipedia