Investec Bank CEO Richard Wainwright to step down in 2024.
The Investec Bank Limited Board says chief executive officer, Richard Wainwright, will step down from his role during the course of 2024, as per the group’s executive succession plan.However, post-transition, Wainwright will continue in an executive role until his planned retirement in 2025.
“The Group reported strong results in a challenging macro backdrop, with all our client franchises reporting growth in pre-provision adjusted operating profit. Our focused approach to support our clients and the diversified nature of our revenue streams underpinned the financial performance,” Fani Titi, Group Chief Executive, said.
“The strong capital generation across the Group allows us to maintain robust capital and liquidity levels, deliver improved returns to our shareholders, and support our clients, colleagues, and societies through an uncertain economic environment.”The group said that its strong capital and robust liquidity levels should help it navigate the current market and pursue its growth initiatives in chosen markets.
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