Investec

Investec's co-head of credit Theo Stamos has left the firm and handed over his responsibilities to other managers.

Banks added to market woes last week with the UK's major players reporting a raft of losses prompted by PPI claims and the European debt crisis.

Banking and asset management giant Investec has confirmed it has made an offer for Williams de Broe owner Evolution Group.

Q&A - US DEBT CRISIS

BHP BUY COULD DRIVE M&A

FRIDAY FINANCE

Ian Vose has taken over the management of the £336m Investec Global Dynamic fund following the departure of Jacob Robbins.

Investec Asset Management has expanded its range of emerging market debt funds with the launch of an investment grade debt fund for Peter Eerdmans.

Investec manager points to change of focus as performance catalyst since taking reins of the group's Strategic Bond fund in 2006.

ON ASSET ALLOCATION