|
JOINT MEDIA RELEASE
Investec joins the Australian Bankers’ Association
Sydney, 5 May, 2009: The Australian Bankers’ Association (ABA) has welcomed Investec Bank (Australia) Limited (Investec) into its membership.
Investec, a registered Australian bank, is a wholly-owned subsidiary of Investec plc offering a diverse range of investment banking products and services to an intimate network of high net worth individuals and their businesses, and a niche corporate market.
Investec’s membership of the ABA is in line with its strategy to increase its presence in the Australian marketplace.
Investec’s Deputy Chief Executive Officer, Alan Chonowitz, noted that: “Investec has offices in South Africa, the United Kingdom and Australia – where it has a presence in Sydney, Melbourne and Brisbane. We think it’s important to build links with an industry association so that we can contribute to policy discussions which are in each country.”
“We think it’s crucial that the banking industry has a strong body which works in the interests of its members and the community.”
“The ABA’s mission of improving the economic wellbeing of Australians by fostering a banking system which is recognised as one of the safest, dynamic and most efficient in the world, sits well with Investec’s goals.”
Ralph Norris, Chairman of the ABA, said: “The ABA is looking forward to the contribution of a bank with a global orientation and its perspective on the many issues in regulatory affairs affecting the Australian banking sector.”
“At a time when there is uncertainty in many countries, the Australian banking sector is safe, secure, well-managed and tightly regulated.”
David Bell, Chief Executive of the ABA, said: “The addition of Investec will broaden the scope of the ABA membership and I am looking forward to their participation.”
The ABA’s membership will now stand at 26 banks which range from traditional retail, trading bank-style organisations to regional banks, foreign and wholesale banks.
Background notes for editors:
ABOUT INVESTEC
The Investec group is an international specialist banking group providing a diverse range of financial products and services – mainly in South Africa, the United Kingdom and Australia.
Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.
Within Australia, the principal business areas include:
- Private Banking: private client treasury and investments, property investment banking, growth and acquisition finance, specialised lending, wealth management and professional finance;
- Investment Banking: corporate advisory and private equity;
- Capital Markets: treasury, trading and specialised finance such as project and infrastructure finance, commodities and resource finance, structured finance and financial products;
- Property Investments: property private equity;
- Asset Management.
Since it was founded in South Africa in 1974, the Investec group has expanded through substantial organic growth and a series of strategic acquisitions. The group employs over 5000 people worldwide, and is dual-listed on the London and Johannesburg stock exchanges.
Investec Bank (Australia) Limited entered the Australian market in 1997 as a wholly-owned subsidiary of the Investec group, offering a diverse range of investment banking products and services to high net-worth individuals and their businesses, and to a niche corporate market. Investec has offices in Sydney, Melbourne and Brisbane.
For further information
|
ABA PR |
Investec Bank (Australia) Limited
|
|
Heather Wellard
Phone: 02 8298 0411
Mobile: 0409 830 439 |
Alex Gottshall
Phone: 02 9221 4433
Mobile: 0438 729 056
|
ENDS |
|