– UK, London – Investec plc (LON: INVP) today announced its intention to appoint Stephen Koseff to its Board of Directors as a non-independent, non-executive director, subject to regulatory approval. He will also be appointed to the board of the affiliated company, Investec Limited
The appointments are expected to become effective later this year, in accordance with Directive 4 of 2018 of the South African Prudential Authority, which requires that the effective date of appointment cannot be earlier than 12 months from the date Stephen resigned as a director of the Board.
About Investec
Investec partners with private, institutional and corporate clients, offering international banking, investments and wealth management services in two principal markets, South Africa and the UK, as well as certain other countries. The Group was established in 1974 and currently has approximately 8,700 employees.
In 2002, Investec implemented a dual listed company structure with listings on the London and Johannesburg Stock Exchanges. In March 2020, the Group successfully completed the demerger of Ninety One, which became separately listed on 16 March 2020. Investec’s current market capitalisation is approximately GBP1.8 billion.
For more information: http://www.investec.com
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