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".
Andrew Pinder, head of investment banking at Investec, told Investment Week the investment company market is "a space we've admired for some time, and particularly this team".
He added: "We see the competitive landscape changing and given the sizeable organisation we are with our broader set of capabilities it feels like a good time to be putting further growth into the business.
"It's a space we've had a good degree of success in already and we were keen to see that there's more to be done."
Investec said the team offers sales, research, trading and corporate finance expertise, with a strong existing client base. Pinder continued: "The combination of the pipeline that both we have and the one this team brings paints a fairly good picture for the future [of the sector]."
Investec Group is in the process of spinning off its asset management business and listing it separately following a strategic review carried out in 2018. Its specialist banking and wealth & investment business will remain part of the group's current structure.
It also recently offloaded its Irish wealth management business to Brewin Dolphin for around £38m.