 | |
| Company type | Dual-listed public company |
|---|---|
| JSE:INL LSE: INVP FTSE 250 component | |
| ISIN | ZAE000081949 GB00B17BBQ50 |
| Industry | Financial services |
| Founded | Johannesburg 1974; 51 years ago (1974) |
| Headquarters | London, United Kingdom Sandton, South Africa |
Key people | Philip Hourquebie, Chairman Fani Titi, CEO |
| Products | Private Banking Capital Markets Investment Banking Corporate, Business and Institutional Banking Property Activities Wealth Management Investment Management |
| Revenue |  £1,914.5 million (2024)[1] |
| £420.2 million (2024)[1] | |
| £706.2 million (2024)[1] | |
| Total assets | £30,060.9 million (2024)[1] |
| Total equity | £3,471.6 million (2024)[1] |
Number of employees | 7,400 (2025)[2] |
| Subsidiaries | Investec plc (on LSE): List
Investec Limited (on JSE): List
|
| Website | www.investec.com |
Investec is an Anglo-South African internationalbanking andwealth management group. It provides a range offinancial products and services to a client base in Europe, Southern Africa, and Asia-Pacific.[2]
Investec isdual-listed[3] on theLondon Stock Exchange[4] and theJohannesburg Stock Exchange.[5] It is a constituent of theFTSE 250 index.[6]
They are the current primary sponsors of theEuropean Rugby Champions Cup.[7]
Investec was founded as a small leasing and financing company in 1974 inJohannesburg,South Africa, by Larry Nestadt, Errol Grolman and Ian Kantor.[8] It has expanded through growth and acquisitions.[9] It secured a banking licence in 1980[10][11] and was first listed on theJSE Securities Exchange in South Africa in 1986, after merging with Metboard, a trust company.[12] In 1988, Investec Bank Limited was restructured into Investec Group Limited ("IGL"), giving Investec Management and staff control of the company.[10]
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.[10] Investec entered the UK market in 1992, by acquiring London-based Allied Trust Bank Limited ('ATB'), its first international acquisition.[10] In 1998, Investec acquiredGuinness Mahon, a leading London based merchant bank, and Henderson Crosthwaite, its stockbroking arm, for £95 million.[13] It also boughtHambros plc, another London-based merchant bank the same year.[14] It was first listed on theLondon Stock Exchange in 2002.[10] In 2003, in aBlack Economic Empowerment transaction empowerment partners acquired a 21.5% stake in the South Africa-listed Investec.[10]
In 2005, Investec sold its UK private client stockbroking operation, Carr Sheppards Crosthwaite Limited to Rensburg plc. Investec retained a 47.7% interest in the combined entity, Rensburg Sheppards plc.[15] In 2007, Investec plc acquired Kensington Group plc[16] and Experien (Pty) Ltd.[17]
Investec plc acquired the remaining shares in Rensburg Sheppards plc in 2010. This business has since been rebranded as Investec Wealth & Investment and incorporates other wealth activities previously operated through the bank.[18]
In June 2012, Investec plc completed the €32 million acquisition of Irish brokerage firm, NCB. As a result, Investec now employs more than 240 specialists in Ireland.[19]
In December 2017, Investec acquired Amicus Commercial Finance and rebranded it as Investec Capital Solutions.[20]
In September 2018, following a strategic review, the Boards of Investec plc and Investec Limited announced that Investec Asset Management would become a separately listed entity.[21] In March 2020, the Asset Management business was demerged and listed asNinety One plc. The new name is in recognition of the brand's heritage – it was in 1991 that the investment firm was started in South Africa.[22]
In April 2023, UK wealth managerRathbones agreed to buy Investec's wealth and investment businesses in the UK and Channel Islands for £839 million. The deal excludes Investec Bank (Switzerland) and Investec International wealth business.[23]
Investec employs approximately 8,200 people worldwide and operates primarily inSouth Africa and theUnited Kingdom. It also has banking operations inIreland,Switzerland,Mauritius,Guernsey,India,Jersey, and theUnited States.[24]
Investec consists of two areas of activity, namely: wealth, and investment and banking.[2] Its specialist banking divisions include private banking, for high net worth and high income individuals, and corporate and investment banking, providing lending, transactional banking, treasury and trading, advisory and investment services.[2]
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In July 2002, Investec became the first South African company to list on both the London and Johannesburg stock exchanges, by implementing adual listed companies (DLC) structure.[25]
The main features of the DLC structure are:
Investec's approach to transformation within South Africa involves:
Investec announced a ten-year title sponsorship of Investec Test Match cricket for theEngland and Wales Cricket Board on 24 November 2011 atLord's Cricket Ground.[27] The deal covered all home test series and ran for six years until the summer of 2017, when the company exercised a break clause in its contract with theECB.[28]
Investec became the principal sponsor of theEngland and Great Britain Women's Hockey teams in July 2011, from grassroots to international level, for an undisclosed sum.[29] The agreement was initially for a term of five years, and in March 2016 the deal was extended for an additional four years but was not renewed when the contract came to an end in August 2020.[30][31]
Investec has been involved in a number of rugby sponsorships around the world, stating that "rugby embodies Investec's beliefs in collaborative teamwork, innovative play and determination and it’s for these reasons that we support many rugby initiatives".[32] From 2000 to 2011 Investec sponsoredEngland Rugby Union home autumn internationals. The 35 games throughout the 12-year period were known as the Investec International Series (formerly the Investec Challenge) and were played atTwickenham Stadium, England.[33] In 2010 Investec became the official sponsors of theTri Nations rugby competition in New Zealand, now known asThe Rugby Championship.[34][35] In 2016 the deal was extended through to 2020, and in 2019 the competition was known as The Investec Rugby Championship in New Zealand.[36] Investec has sponsored theSuper Rugby competition since 2011, when it acquired naming rights in New Zealand.[37][38][39] Investec also supports the International Rugby Academy South Africa which aims to capitalise on an untapped demand for high performance in playing and coaching rugby in South Africa.[40]
Investec became a long-term sponsor ofThe Derby festival in the UK in 2009.[41] The deal was extended to run until 2026 but the Jockey Club agreed to terminate the sponsorship in 2020 after the delayed running of the241st Derby Festival on 4 July 2020.[42][43] The two-day race meet became known as the Investec Derby Festival, incorporating two of the fiveBritish Classic Races, The Oaks and The Derby, the latter of which is also commonly known as the Greatest Flat race in the World.[44][45][46] Investec has also sponsored the Investec Cape Derby in South Africa since 2009.[47]
Investec became the official shirt sponsor forTottenham Hotspur's domestic cup games andUEFA Champions League games for the 2010/2011 andUEFA Europa League games for the 2011/2012 seasons. This sponsorship marked the first promotion into the football world for Investec.[48][49] In 2014, Investec became the official shirt sponsor forWidnes F.C. in theNorth West Counties Football League Division One.[50]
Since 2005 Investec has been sponsoring a flagship project started by the Kutlwanong Centre for Math, Science and Technology. The project aims at improving the mathematics and science skills of students from historically disadvantaged regions across South Africa. The project has been a huge success year on year, with most of the students obtaining distinctions in mathematics and science, and their other subjects.In 2014 the project was awarded theMail & Guardian Investing In The Future STEM award.[51]
As of March 2019[update] Investec also helps to fund, along with several other large corporate sponsors, a private software engineering college called Wethinkcode, with campuses in both Johannesburg and Cape Town, with the objective of confronting theyouth unemployment crisis in South Africa by providing free tuition for eligible students.[52][53]
Other sponsorships included theNelson Mandela 90th Birthday Tribute in London's Hyde Park.[54]
In August 2023, they became the primary sponsors of theEuropean Rugby Champions Cup ahead of the2023–24 Champions Cup season signing a deal lasting until 2028.[55]
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