Investec Private Bank

Long-term growth area

Long live robo-advice

Over 1,300 nominations received

Reid joins as senior investment director

Mixed reactions to 'radical' plans

Shares in Investec were down sharply today after the company said earnings could fall by as much as 10%, amid a tough time for its specialist banking arm in the UK.

Investec Bank and Morgan Stanley have both modified the terms and conditions of their structured products after the Financial Services Authority (FSA) found terms in both were potentially ‘unfair' to clients.

Investec has reported its results for the half year to 30 September, a period which saw its business impacted by a depreciation in the South African rand.

Investec Private Bank's Lionel Ross talks to Investment Week about the group's new three-year fixed term bond, which is linked to the Bank Of England's base rate.

Investec's global asset management business expects to see assets jump 22% year on year after record inflows into the business during 2010/11.