Celebrities are racing to be the ambassadors of Investec Derby March 18, 2015 THE STARS started shining on June’s Investec Derby Festival at Epsom with yesterday’s announcement of its 2015 celebrity ambassadors. And it’s the fourth year that City A.M. is the official newspaper of the Derby, the greatest flat race in the world. The ambassadors are a diverse lot: former Epsom champion Frankie Dettori, Olympic Gold medalist [...]
Investec looks to M&A expansion as investment bank gets its Guy January 14, 2015 SOUTH African specialist banking and asset management group Investec yesterday added to its investment banking business with the appointment of veteran M&A adviser Guy Gillett. Working closely with head of consumer Gary Levin, Gillett is charged with strengthening Investec’s M&A offering, particularly focusing on private companies and private equity clients. Gillett joins from Ternion Capital, [...]
Investec issues apology to Benjamin Lawsky after analyst Ian Gordon’s Eric Garner gaffe December 10, 2014 South African bank Investec gave US regulator Benjamin Lawsky a grovelling apology last night, after one of its analysts compared Lawsky’s actions against Standard Chartered to the treatment of Eric Garner – an unarmed black man who died at the hands of police officers in America. At a time of inflamed tensions over police behaviour in the [...]
Investec “I can’t breathe” research note comparing Eric Garner’s death to bank’s regulatory woes provokes angry reaction December 10, 2014 The dying words of Eric Garner, whose untimely death has sparked a wave of protests across the US, have become a rallying cry for millions of Americans protesting against US police tactics. But it is not a phrase that banks should be using to discuss corporate research, brand and marketing professionals said yesterday. “I can’t breathe,” [...]
Investec bank profits surge as legacy of financial crisis fades November 20, 2014 Anglo-South African bank Investec reported strong profits for the six months to September yesterday, overcoming a fall in the rand. Impairments fell by more than 20 per cent on the year, and are down to one-fifth of their £320m level seen three years ago, as the bank moves on from the financial crisis. Pre-tax operating profits [...]
Investec banker brushes off “complete criminals” insult from PR guru Lord Bell October 14, 2014 A Senior Investec banker last night shrugged off insults made last week by PR guru Lord Bell. Bell, who counts Investec among his firm Bell Pottinger’s clients, claimed bankers were “complete criminals”. But Investec’s head of investment banking Andrew Pinder is happy to move on, simply referring to the comments as “an interesting view”. “He [...]
Shares down at industrials after Investec downgrades 15 firms October 13, 2014 INVESTEC sent share prices tumbling yesterday after it downgraded several UK industrials companies yesterday, blaming the deteriorating economic environment in Europe. The bank said that in light of recent profit warnings in the industrials sector, it had identified vulnerable companies, downgrading 15 of the most affected. Investec said it had focused on those with “significant [...]
Former Investec banker joins the crowd(funders) with CrowdShed September 22, 2014 Crowdfunding is the trend that just keeps giving and now one of the City’s own is striking out of banking and launching his own crowdfunding platform called CrowdShed. The person in question is ex-Investec, ex-Liberum investment manager Henry Freeman (pictured) and having handed in his notice at Investec almost exactly a year ago – his [...]
Take Mirsaale and Saptapadi against the field in the Investec Zebra Stakes June 7, 2014 RACE 6 4.50pm Investec Zebra Stakes FAVOURITES have a terrible record in the Investec Zebra Stakes with just one obliging in the last 10 years. Today’s renewal looks as tricky as ever. One trend in recent times is that the higher-rated runners are winning. The last three victors all carried at least 9st 5lb and [...]
Arctic Feeling well set in repeat bid for the Voyage By Investec Stakes June 7, 2014 RACE 7 5.25pm Voyage By Investec Stakes THE VOYAGE By Investec Stakes is also known as the ‘Get Out of Jail Stakes’ and bettors across the land will be hoping to extricate themselves from a punting hole by picking the winner of this sixfurlong handicap. Just two winners in the last 10 runnings have been [...]