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Investec Bank Limited 0

Posted on November 03, 2011 by FinanceX

Investec Bank Limited (“IBL”) originated as a small finance company in Johannesburg. 1990: Investec acquisitions included property management company I. Kuper & Company Pty) Limited, Corporate Merchant Bank Limited formerly Hill Samuel Merchant Bank Limited) and trade finance company Reichmans Limited. 1991: Investec forged a strategic alliance with life assurance company Fedsure Holdings Limited, through the creation of significant cross shareholdings. This alliance resulted in an increase in the capital and extension of the range of financial products and services of both groups. 2000: Investec bought the professional banking advances book of Mercantile Bank Limited in South Africa.

Investec provides a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec is organised as a network comprising six business divisions: Asset Management; Wealth and Investment; Property Activities; Private Banking; Investment Banking; Capital Markets. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.



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