On 14 September 2018, the Boards of Investec plc and Investec Limited (collectively “Investec Group”) announced that Investec Asset Management will become a separately listed entity. This decision has been taken following significant work and discussion with many of Investec Group’s stakeholders.
This move ensures Investec Asset Management is a focused, independent asset manager, a position appreciated and valued by investment management markets. It also provides a platform from which to invest for better client outcomes and growth.
After the separation of Investec Asset Management from the remaining Investec Group, Hendrik du Toit will lead the new listed entity as Executive Chairman and Kim McFarland will be Finance Director. The CEO team of John Green and Mimi Ferrini will take full responsibility for the day-to-day management of the firm.
These changes, which are subject to regulatory approval, will not affect the composition of the portfolio management or client teams. We believe these changes are good for Investec Asset Management and its clients.
Thank you very much for your ongoing support.
The Board of Investec Asset Management