Investec says the completion of the sale of its Private Banking business marks a significant milestone for its Australian operation and it will now be able to focus on delivering solutions for corporate, institutional and Government clients across its core niches.
Investec Australia Limited (IAL) today becomes the new Australian entity for the Investec Group after Bank of Queensland acquired Investec Bank (Australia) Limited (“IBAL”) on the 31st July 2014. IBAL was acquired in order to facilitate the transfer of the Professional Finance and Asset Finance & Leasing businesses.
Investec has transformed its business in Australia to focus on its core specialist niches of Corporate Advisory; Aviation Finance; Resource Finance; Infrastructure Finance and Investment; Corporate & Acquisition Finance; Financial Markets; and Property.
Milton Samios of Investec Australia said: “Our commitment to our Corporate, Institutional and Government clients remains unchanged and IAL is now better positioned to offer clients access to the larger balance sheet and global capabilities of the broader Investec Group”.
Mr. Samios noted a range of recent high profile transactions that demonstrated Investec’s breadth of expertise and reinforced the ongoing strength of the business.
“In recent months Investec has advised PAS and SCA on their listing; and recently advised the shareholders of Ingeus on the sale of their business to Providence Service Corporation; provided acquisition facilities to Northern Star and Troy Resources; launched a new aircraft leasing business; and announced a partnership with the South Australian Government to deliver a unique affordable housing solution in Adelaide.”
Investec has three principal markets – South Africa, UK and Australia – along with offices throughout Asia, Europe and the US.
Investec retains a strong presence in Australia with over 100 staff in Sydney, Melbourne, Brisbane, and Adelaide.
