Investec Group Q4 Earnings Call Highlights

Fixed operating cost growth reflected continued investment in people and technology, with Investec highlighting work to build and modernize transactional banking capabilities as well as execute strategic and regulatory projects intended to enhance resilience and support growth.Management said revenue over the 11-month period was supported by increased client activity levels, higher average advances and net inflows in the wealth business. That performance was “counterbalanced” by the negative impact of lower ...