Investec Group wants to make acquisitions in the UK wealth management industry.
The firm said during a conference call on 21 May that it “should have the opportunity to participate in any consolidation” that happens in the British market.
Fani Titi, joint chief executive and director at Investec, said: “If you want to see how we are thinking about the business, this is where we will be going in the future.
“We think there are opportunities, in particular in the UK wealth space, where there’s a level of consolidation, opportunities for small and bolt-on acquisitions.
“And at some point, and we think the time may be right now, bigger scale consolidation.
“Our business is strong there. We should have the opportunity to participate in any consolidation that occurs in that market.”
Recent activity
In March 2021, Investec announced it will not launch any further structured products in the UK retail market from April 2021.
A year earlier, the group exited its UK robo-adviser Click & Invest.
