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Investec CEO Stephen Koseff on Interim Expectations


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South African investment bank and asset manager Investec expects flat first-half profit, hit by higher bad debts and weakness in its property and investment banking activities.

Investec, which plans to buy British investment bank Evolution for $374 million, has been focused on building its wealth management business to compensate for weak demand for commercial loans.

ABN’s Eleni Giokos caught up with Stephen Koseff, CEO of Investec.




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