Investec Plc Chief Executive Officer Stephen Koseff and Managing Director Bernard Kantor will step down in October after 40 years of building a small leasing company in Johannesburg to one managing more than 154 billion pounds ($215 billion) in assets.
Glynn Burger, group risk and finance director and also one of the “founding members” of Investec, will retire at the end of March next year, the Johannesburg- and London-based specialist bank and asset manager said in a statement on Tuesday. Fani Titi, who has been a non-executive director since January 2004 and chairman since November 2011, and Hendrik du Toit, the founding CEO of Investec Asset Management, will be appointed as CEO designates on April 1.