Business
Investec Bank Limited: CEO
Investec Bank Limited: CEO.
About this update from Investec Plc
[{"type":"text","content":"\n\n\n\n\nInvestec Limited\nIncorporated in the Republic of South Africa\nRegistration number 1925/002833/06\nJSE share code: INL\nJSE Hybrid code: INPR\nJSE debt code: INLV\nNSX share code: IVD\nBSE share code: INVESTEC\nISIN: ZAE000081949\nLEI: 213800CU7SM6O4UWOZ70\n\n\nInvestec plc Incorporated in England and Wales\nRegistration number 3633621\nLSE share code: INVP\nJSE share code: INP\nISIN: GB00B17BBQ50 LEI: 2138007Z3U5GWDN3MY22\n\n\n\n\n\n\n \nAs part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Disclosure Guidance and Transparency Rules, and Listing Rules of the Financial Conduct Authority (the \"FCA\") and/or the JSE Listings Requirements.\n \nAccordingly, we advise of the following:\n \nINVESTEC BANK LIMITED - CHANGE TO BOARD COMPOSITION\n \nExecutive Directors\n \nInvestec announces, in accordance with Section 6.39 of the JSE Debt Listings Requirements and receipt of requisite regulatory approvals, the following changes to the Board of Investec Bank Limited:\n \nThe Investec Bank Limited Board (the Board) has commenced with the next stage of its approved executive succession plan. We have previously announced that Richard Wainwright will step down from his current role of Chief Executive Officer (CEO) of Investec Bank Limited (IBL) during the course of 2024 and confirmed that a further announcement would be made once Richard's successor has been identified. \n \nThe Board has identified Cumesh Moodliar as the next CEO of IBL. Cumesh will be appointed as CEO of IBL on 01 April 2024. Richard will at that time remain an executive of Investec Limited until his planned retirement in 2025.\n \nCumesh has been with Investec since 2012 in a number of roles including Regional Head of the Private Bank in the Eastern Cape, National Banking Head, Head of the Private Bank and more recently the Head of the Private Client Franchise. \n \nThe Board wishes Cumesh well as he transitions into his new role. \n \nThe appointment of Cumesh was made pursuant to the policy dealing with the nomination of directors to the Board.\n \n \nJohannesburg and London\n21 August 2023\n \nSponsor:\nInvestec Bank Limited\n\n",...