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Overhauled Investec identifies rich clients as its growth path Most Read Most Read Most Read Most Read Most Read 5 months ago BL PREMIUM 23 May 2021 - 17:39 Warren Thompson Investec will double down on initiatives to grow organically in the coming year to boost return on equity after the conclusion of an operational overhaul to cut expenses and shut down underperforming businesses. CEO Fani Titi struck an optimistic tone in interviews accompanying the company’s annual results, which showed a 14% drop in earnings, recommitting the group to meeting its medium-term target of 12%-16% for return on equity, an important measure of how well a company is performing for its shareholders. ....
Investec chief executive Fani Titi said, âThe first half performance was characterised by difficult and volatile market and economic conditions attributable primarily to Covid-19. The second half showed strong earnings recovery, supported by our resilient client base, a rebound in economic activity and a greater sense of optimism spurred on by global vaccination campaignsâ. Investec looks to build on momentum in achieved second half of the year By Sandile Mchunu Share DURBAN - INVESTEC is looking to build on the momentum achieved in the second half of the 2021 financial year, after it was hurt by the Covid-19 disruption in the first half in the year to end March. ....
Deals are on the agenda for Investec in Britain thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.