Investec Asset Management made the first symbolic step of its intention to leave the group that has been its home for the past 28 years when it revealed the name it will adopt once its demerger from Investec is complete early in 2020.
Du Toit told Business Day in 2018 that one of the driving reasons for the separation was the “complex” and “cumbersome” dual-listed structure of the wider Investec Group. In 2013 Investec attempted to placate the division by selling a 15% stake in IAM to its management team in a deal worth R2.5bn.
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