Reviews

Investec Limited Review 2022

Published by
Staff Writer

INVESTEC
Type Public
Traded As INL & INVP
Industry Financial Services
Products Private banking, capital markets, Investment banking, corporate banking, institutional banking, wealth management, investment management, property activities
Address 100 Graystone Drive,
Sandown,
Sandton,
2196,
South Africa
Phone 227 11 286 7957
Revenue R3.6 billion
Total Assets R50, 6 Billion
Website www.investec.com

Investec Limited, based in South Africa, is a financial services company. Clients are spread across the globe, with a strong presence in Europe, Southern Africa, and Asia-Pacific. The corporation has two stock market listings: one in London and one in Johannesburg. Investec is traded on the JSE under the symbol INL and on the London Stock Exchange under the symbol INVP. The FTSE 250 index includes the corporation as a component. Investec was established in Johannesburg, South Africa, in 1974.

The company began as a small leasing and finance company and has now expanded to include a variety of financial services. Private, corporate, business, and institutional banking, wealth management, and other great financial services are all available.

A brief history of Investec

A group of young guys spotted an opportunity to launch a leasing and financing company in 1974, and they were successful. Larry Nestadt, Errol Grolman, and Ian Kantor, the company’s co-founders, collaborated to make their idea a reality. In 1980, Investec obtained its banking license, allowing it to enter the banking business. Later, to diversify its commercial offerings, Investec joined with Metboard, a Trust firm. Portfolio management, a participating mortgage bond scheme, and an in-house unit trust were added to Investec’s product and service offerings as a result of the transaction.

In the same year that it purchased Metboard in 1986, Investec went public on the JSE. In 1990, Investec made many more significant acquisitions, including I.Kuper & Company and Corporate Merchant Bank Limited. Property management services were added to Investec’s product offering with the acquisition of I.Kuper & Company (Pty) Ltd. Fedsure Holdings Limited, a life insurance firm, and Investec formed an association. This move aims to boost capital and broaden the range of financial goods and services available to both organizations.

Investec acquired Allied Trust Bank Limited for a second time, making it the company’s first overseas acquisition. Investec went on to acquire Guinness Mahon, Henderson Crosthwaite, and Hambros plc, among others. In 2002, the company completed its dual-listing by listing on the London Stock Exchange. Investec has undertaken a number of acquisitions throughout the years, the most famous of which was the acquisition of NCB, an Irish brokerage firm. Investec Asset Management stated in 2018 that it would separate from the corporation and be listed as a separate entity. The corporation is now known as Ninety One plc.

Investec Products and Services

Investment management

With its wealth management services, Investec focuses on knowing its customers’ individual needs and designing a strategy that is tailored to you and your objectives. Investec also offers a worldwide perspective and strategic ideas from the world’s finest investing minds. In addition, the organization developed an investment portfolio that can resist shocks and volatility, providing customers with peace of mind. Investec provides brokerage services with a high level of expertise and experience.

Stockbrokers have access to industry analysis from the world’s greatest houses, allowing them to provide unrivaled expert guidance. Experts can also help clients choose stocks, bonds, CFDs, and derivatives to help their portfolio expand. Portfolio management services are tailored to your goals, family, and life stage by our portfolio management experts. To achieve favorable results and limit risk, decisions are based on research and deep knowledge of firms across the industry.

Banking

Existing and potential customers can get credit from Investec. Personal, property, motor vehicles, office buildings, office equipment, and lifestyle borrowing are all possible. Individuals and corporations can apply for credit or loans. For those earning R800,000 or more, private banking is offered. With Investec private banking, you get worldwide client care 24 hours a day, seven days a week, with experienced private bankers at your disposal at all times. You get Investec rewards, travel privileges such as unrestricted local and international lounge access, travel insurance, and other perks.

Investec is a savings option that allows you to save from R100,000 and receive interest by locking your savings for a set length of time. There are many different types of savings accounts to choose from, however your investment amount will be limited if you choose a tax-free savings account.

Insurance

The mortgage protection plan is designed to pay off your debt if you pass away. This is done to ensure that your family will not have to worry about paying off your home debt if you pass away. The coverage adapts as the outstanding loan balance decreases, and you can save up to 35% on premiums. The purpose of business overheads insurance is to ensure that a company’s overheads are covered even if the owner is not there. Because the business is operated by overheads, it is presumed that the business will continue to operate even if the owner is not there.

For permanent or non-permanent events, business overheads coverage can cover 100% of your business’s overheads. Income protection insurance protects you from losing your job. If you become ill or wounded, the insurance will pay out. This money can be used to cover living expenditures, medical costs, and other costs that your family may face while you are sick or injured. Severe illness, disability, and life insurance are some of the other insurance options. With disability insurance, you get a lump payment if you become permanently handicapped as a result of a major injury or disease.

Other services

Other specialized products and services are available from Investec. Capital markets, corporate banking, institutional banking, wealth management, and property operations are among the other services and products available. These services are also at the heart of Investec Bank and provide significant revenue.

Investec board members

Name
Fani Titi
Investec PLC
Nishlan
Investec PLC
Peregrine Crosthwaite
Ian Kantor
Blue Marlin Holdings SA
Lord Malloch-Brown
Zarina Bassa
Khumo Shuenyane
Delta Partners
Henrietta Baldock
David Friedland
Investec Bank PlC
Philisiwe Sibiya
Charles Jacobs
Linklater LLP
Phillip Hourquebie

Conclusion

Investec has been around for a long time and has experienced tremendous growth. Buying fantastic companies to expand into new markets. By simply starting as a leasing firm, Investec has forged its way into the financial services sector, competing with financial service companies such as Discovery Limited and Allan Gray Limited. The company now has a presence on three continents and is trying to expand further.

Staff Writer

Published by
Staff Writer
Tags: investec