Investec Bank

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Overview

Investec Bank is JSE: INL + LSE: INVP + South African + UK private wealth management + specialist commercial bank + Investec founder Stephen Koseff + Bernard Kantor founding partners ~5%+ + Public Investment Corporation South African pension fund ~10%+ + UK retail + institutional + foreign investors free float + one of South Africa's largest private wealth management banks [1, za-cro].

History

1974 — Investec founded as Investec leasing company in Johannesburg by Larry Nestadt + Errol Grolman + Ian Kantor (Bernard Kantor joined 1978).

1980s — Investec Bank rebrand.

Jul 22 2002 — Investec dual-listing on JSE + LSE.

2010 — Investec mobile banking app launch.

Ownership & operator

Operating entity: Investec Limited Investec Bank (South African + UK private wealth management + specialist commercial bank; JSE: INL + LSE: INVP).

Major shareholders: Investec founder Stephen Koseff + Bernard Kantor founding partners ~5%+ + Public Investment Corporation South African pension fund ~10%+ + UK + South African retail + institutional + foreign investors free float.

Regulators: SARB South African Reserve Bank + Prudential Authority + PRA UK + FCA UK + national regulators across 8+ countries.

Technical integration

Investec mobile app (iOS + Android) + investec.com online + Investec Bank branch network across South Africa + UK + Mauritius + Ireland + US + Switzerland + Australia + India + Investec Visa + Mastercard cards; ZA IBAN + ZA PayShap (South African P2P + retail real-time payment scheme) + Faster Payments (UK) + SEPA.

Implementations & partners

Major South African + UK banking + payments competitors: [[standard-bank]] (Standard Bank South Africa; JSE: SBK; Africa's largest banking group by assets) + [[fnb-app]] (FNB South Africa; FirstRand Group; South Africa's largest banking group + 12M+ customers + eWallet pioneer) + [[absa]] (Absa Group South Africa; JSE: ABG; South Africa's #3 commercial bank by assets) + [[capitec]] (Capitec Bank; JSE: CPI; South Africa's largest commercial bank by customers) + [[nedbank]] (Nedbank Group; JSE: NED; South African commercial bank) + [[discovery-bank]] (Discovery Bank; Discovery Limited Group; South African digital + behavioural bank) + [[african-bank]] (African Bank; SA commercial bank) + [[tymebank]] (TymeBank South African digital bank; Tyme Group South African-Singaporean fintech parent; ~10M+ South African TymeBank customers) + [[bidvest-bank]] (Bidvest Bank; Bidvest Group; South African commercial bank) + [[old-mutual]] (Old Mutual Bank South Africa; Old Mutual JSE: OMU subsidiary) + mtn-mobile-money (MTN MoMo South African mobile money; ~75M+ MTN MoMo users across 16 African countries).

Regulators: SARB South African Reserve Bank + Prudential Authority + PRA UK + FCA UK + national regulators across 8+ countries.

Status

Active, JSE:INL + LSE:INVP + South African + UK private wealth management + specialist commercial bank + Investec founder Stephen Koseff + Bernard Kantor founding partners ~5%+ + Public Investment Corporation South African pension fund ~10%+ + one of South Africa's largest private wealth management banks [1, 2].

Sources

1 Investec — official
2 Investec — Wikipedia
za-cro In-corpus: reports/countries/ZA-south-africa.md

Source

Biography extracted from investec.md. See matrix.md for standards-support matrix if present.