Changes at the top for Investec

Investec has announced that chairman Hugh Herman has stepped down after 18 years’ service on the board.

The FTSE 100-listed bank and asset manager thanked Herman for his contribution, in what it desribed as an “invaluable” role.

Fani Titi and David Prosser will take over as joint chairman of the Investec plc and Investec Ltd.

Titi is currently chairman of Investec Bank, while Prosser is senior independent non-executive director – a role he will relinquish to George Alford.

Prosser will also assume the role of chairman of Investec Bank.

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