Investec Group (IVTJF) This autumn 2024 Earnings Name Transcript

Investec Group (OTCPK:IVTJF) This autumn 2024 Earnings Convention Name Could 23, 2024 4:00 AM ET

Firm Members

Fani Titi – Group CEO
Nishlan Samujh – Group Finance Director, CFO
Ruth Leas – CEO and Government Director, Investec Financial institution plc
Cumesh Moodliar – new CEO, South African enterprise

Convention Name Members

Alex Bowers – Berenberg

Fani Titi

Okay. Good morning. Now we have a reasonably thrilling presentation immediately. So I suggest that we begin. I might like first to welcome our colleagues in London.

At this time, the A crew will current from London. I’ve in London, becoming a member of the presentation later immediately, Nishlan Samujh, our Group Finance Director. He’ll undergo a little bit of element of the Group efficiency, after which we may have Ruth Leas give us a bit extra of colour on our U.Okay. enterprise. As you may see on this outcome, we have seen important progress in income and actually spectacular efficiency from our U.Okay. enterprise and Ruth might be adopted by Cumesh Moodliar, our new Chief Government of our South African enterprise. Once more, that enterprise has carried out fairly impressively in a really troublesome market. So excited to be joined by this A crew coming in from London.

So I am going to go straight into the presentation. As you all know, this yr marks 50 years of our existence as a enterprise. In 1974 in a single small workplace right here in Johannesburg, 18 individuals gated and determined to begin what would develop into the Investec of immediately. 50 years later, we’re in 11 international locations. In actual fact, we have been in additional 5, six years in the past, and we’ve got 7,500 colleagues around the globe. And, in actual fact, as we report immediately, you will note that we are going to be reporting revenues of over £2 billion. For a bit start-up within the southern tip of Africa, that basically is a formidable match to realize over the time.