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Investec CFO on overcoming challenges - Financial Director


Investec CFO on overcoming challenges
Nishlan Samujh, finance leader of the Anglo-South African bank, reveals how the FTSE-250 group recovered after the pandemic struck
by Lawrie Holmes - December 18, 2020
When Investec, the banking and wealth management group, hatched a plan last year to split out its asset management arm, the signs looked good.
In a benign environment, Investec CFO Nishlan Samujh and the rest of the group’s senior leadership team reckoned that by hiving off the arm to become Ninety One, maximum value could be created for shareholders.
But the timing could not have been more challenging. Ahead of the of the split on 13 March with trading set to start three days later, the coronavirus epidemic began to speed mercilessly across the planet. If things couldn’t have been difficult enough for Samujh, he had the group’s 2020 financial year results to close by the end of the month, ahead of reporting in May. ....

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