Investec to list asset management arm

Investec PA 230X150
By Aidan Gregory
14 Sep 2018

Shares in Investec, the Anglo-South African banking group, rose 8.7% on Friday after it announced that it had decided to spin off and list its asset management unit, following a strategic review.

In a regulatory filing, Investec said it would demerge Investec Asset Management and list it, to “simplify” the group structure of Investec. It would retain its specialist banking and wealth and investment businesses under the current dual-listed structure.

JP Morgan and Fenchurch Advisory Partners are financial advisers ...

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