Investec strengthens capabilities in 'burgeoning' investment companies market

Long-term growth area

David Brenchley
clock • 1 min read

Investec's Corporate and Investment Banking business hopes to build on recent corporate successes in the investment companies area after the hiring of Canaccord Genuity's 14-strong team, led by David Yovichic.

Investec advised on November's initial public offering of Terry Smith's new venture, the Smithson Investment Trust, which, at £822.5m, was the largest ever trust launch. And the firm is now looking to use its scale and significant balance sheet to enhance its capabilities with the capture of an "impressive" and "high-quality" team that has "a very significant and proven track record". Investec AM senior management look to increase stake to 20% ahead of spinoff Andrew Pinder, head of investment banking at Investec, told Investment Week the investment company market is "a space we've...

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