Investec is planning to demerge and separately list its £109bn asset management arm, following a strategic review of the business.
In a stock exchange announcement, the firm said there were "compelling current and potential linkages" between its Specialist Banking and Wealth & Investment businesses, but limited synergies between these two businesses and Investec Asset Management (IAM). As a result, it now plans to list IAM as a separate business on the London Stock Exchange, with an inward listing on the Johannesburg Stock Exchange. Meanwhile, the Investec Specialist Banking and Wealth & Investment businesses will remain part of the group's current dual listed companies structure. Investec said: "The board bel...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
