/ 24 May 2000

INVESTEC TO UP UK STAKES

MULTINATIONAL banking and investment group, Investec, will seek to enhance its critical mass in the UK, where it has already bought and integrated merchant banking and asset management businesses, with “one or two acquisitions”, according to the Business Report. Stephen Koseff, the bank’s chief executive, said these will be in the fund management, banking and private client portfolio management areas. The group declared a 33% increase in headline earnings to R1,05-billion for the year to March 31.