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Investec reshuffles board ahead of asset management spin off

Business-Corporate-Board-Room-Meeting-Hire-Hiring-700x450.jpgInvestec chief executive Stephen Koseff and managing director Bernard Kantor have stepped down from their respective roles ahead of a proposed demerger of the company.

According to a stock exchange notice Koseff and Kantor will continue to serve on the board as executive directors, where their main task will be assisting joint chief executives of the demerged business, until the process is completed.

Once the demerger is finished, Koseff and Kantor will step down from the board for “an appropriate cooling off period”. After that, they will rejoin the board as non-executive directors.

Profile: Investec AM UK boss on attracting talent and money from the fund industry’s behemoths

Fani Titi and Hendrik du Toit have been serving as joint chief executive designates for the past six months.

Today they were appointed joint chief executives of the Investec Group. Hendrik stepped down as Investec Asset Management chief executive yesterday.



Quilter Investors chief: ‘We are not here to sell funds based on performance’

Quilter Investors chief executive on designing funds advisers want rather than giving the hard sell Anyone who thinks rebranding is marketing speak for simply changing a company’s name, think again. As Quilter Investors chief executive Paul Simpson will testify, there is much more to it. Not only does it entail strategic and marketing decisions – […]

recession noise

Investment Insight: Do not take recession noise too seriously

Warnings of another recession appear exaggerated, with economics and corporate profits still going strong We are entering a time of the year that has traditionally proved to be somewhat more volatile than other periods in the calendar. Whether this year follows the same pattern remains to be seen. Industry commentators continue to speculate on when […]

Old Mutual continues separation as Nedbank splits

Old Mutual will unbundle its majority shareholding in Nedbank on October 15, the firm announced in a statement this morning. The group currently holds approximately 52 per cent of Nedbank, and it plans to lower its stake to a 19.9 per cent minority interest once unbundling is completed. Old Mutual plc, the parent company of […]


Treasury committee chair warns parents could miss out on pensions

Treasury committee chair Nicky Morgan has called on the government to make sure parents are getting their full state pension entitlement through building up national insurance credits. In a letter to pensions secretary Esther McVey, Morgan notes that child benefit registration builds up state pension entitlement by granting national insurance credits. However, there is a […]


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