INVESTEC'S STRATEGY—A WINNING FORMULA
Investec's international strategy is thriving, especially in Switzerland, where funds under management grew by 11.9% to £2.67-billion (R60-billion) in six months. This increase reflects a 25% rise over the past year.
Targeting high net worth South Africans, Investec aims to diversify their investments in a stable tax environment.
Additionally, the UAE is a focus area, with a new office opened in Dubai to serve wealthy clients. Overall, Investec reported a 7.6% increase in adjusted operating profit, with total revenue up 5.6% to £1.1 billion.
The group continues to seek growth opportunities while maintaining strong returns on equity.
(Pictured— Fani Titi, Investec Group Chief Executive)
Key Events This Week:
1. November CPI inflation data on Tuesday
2. Fed interest rate decision on Wednesday
3. Retail sales and jobless claims data on Thursday
4. Services and manufacturing PMI on Friday
5. More Q3 2022 earnings results
This is the biggest week of the year.