Investec Hires Nedbank’s Gracey to Head Currencies, Derivatives

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Investec Ltd., a private bank and wealth manager, hired David Gracey from Nedbank Group Ltd. to head its currency and derivatives trading team in South Africa.

Gracey replaces Grant Barrow, who will lead Investec’s new clearing unit, Mark Currie, the executive in charge of Investec’s capital markets division, said by phone from Johannesburg yesterday.