Senior managers at Investec Asset Management are seeking to increase their stake in the company to 20% ahead of the business being demerged from parent company Investec.
It was announced in September that Investec would 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. Ahead of the completion of this merger, senior management are now looking to increase their stake in Investec AM by 2% to 20%, costing £33.8m. Back in 2013, 40 senior employees...
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