Investec eyes City hiring spree in major move into UK private banking
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Investec plans a significant expansion into UK private banking, aiming to hire new talent and double its client base to 16,000 by investing £30m. The strategy includes offering current accounts and credit cards for the first time, focusing on affluent clients. CEO Fani Titi emphasized enhancing customer service and deepening banking relationships, with a target of achieving a 15% compound annual growth rate by 2030.
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