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Overhauled Investec identifies rich clients as its growth path


Overhauled Investec identifies rich clients as its growth path
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5 months ago
BL PREMIUM
23 May 2021 - 17:39 Warren Thompson
Investec will double down on initiatives to grow organically in the coming year to boost return on equity after the conclusion of an operational overhaul to cut expenses and shut down underperforming businesses.
CEO Fani Titi struck an optimistic tone in interviews accompanying the company’s annual results, which showed a 14% drop in earnings, recommitting the group to meeting its medium-term target of 12%-16% for return on equity, an important measure of how well a company is performing for its shareholders. ....

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Investegate |Investec PLC Announcements | Investec PLC: Directorate Change


 
As part of the dual listed company structure, the boards of Investec plc and Investec Limited (together the Board ) notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure, Transparency and Listing Rules of the United Kingdom Listing Authority (the UKLA ) and/or the JSE Listing Requirements.
 
 
 
As announced on 19 March 2021: further to Charles Jacobs s upcoming appointment as co-head of U.K. investment banking at JP Morgan and Lord Malloch-Brown s appointment as President of the Open Society Foundations, both have indicated their intention not to stand for re-election at the AGM and accordingly Charles Jacobs will step down from the Boards with effect from 30 June 2021 and Lord Malloch-Brown will step down with effect from 05 August 2021 ....

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