Investec’s asset management business has seen profits up 16.6 per cent on £1.8bn inflows and a recovery in the equity markets.
However, the parent group saw operating profits down 0.2 per cent to £314.5m.
Operating profits for the unit were £82.3m compared to £70.6m for the same period in 2015.
Funds under management reached £89.8bn compared to £75.7bn at the start of the six-month period.
The wealth and investment business saw funds under management increase to £51.3bn compared to £45.5bn at the start of the period.
Its operating profit increased 14.1 per cent to £43.2m compared to £37.9m for the same period in 2015.