Group divisional structure Investec is a focused specialist bank and asset manager striving to be distinctive in all that it does Our strategic goals and objectives 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 our principal business areas. Our core philosophy has been to build well-defined, value-added businesses focused on serving the needs of select market niches where we can compete effectively. We seek to maintain an appropriate balance between revenue earned from capital light activities and revenue earned from capital intensive activities. This ensures that we are not over reliant on any one part of our business to sustain our activities and that we have a large recurring revenue base that enables us to navigate through varying cycles and to support our long-term growth objectives. Our current strategic objectives include increasing the proportion of our nonlending revenue base which we largely intend to achieve through the continued strengthening and of our wealth and asset management businesses. Asset Management Wealth & Investment Specialist Banking Equities Fixed Income Multi Asset Alternative Africa Americas Asia Pacific Integrated global management structure Global roles Portfolio management Stockbroking Alternative Investments Investment advisory services Electronic trading services Retirement planning Private Banking activities Corporate and Institutional Banking activities Investment activities Property activities Group services and other activities Southern Africa India USA Joint chief executive officers Group risk and finance director Fani Titi Hendrik du Toit Glynn Burger Executive directors Stephen Koseff Bernard Kantor Kim McFarland GEOGRAPHICAL BUSINESS LEADERS Glynn Burger Richard Wainwright United Kingdom David van der Walt Steve Elliott Specialist Banking David van der Walt Richard Wainwright Asset Management John Green Domenico (Mimi) Ferrini Wealth & Investment Steve Elliott SUPPORT STRUCTURES Human resources and organisational Marc Kahn Corporate governance and compliance Bradley Tapnack Group finance Nishlan Samujh Group risk Ciaran Whelan Share schemes and company secretarial Les Penfold Group marketing Malcolm Fried Group investor relations Ursula Nobrega 1 Group divisional structure November 2018
Specialist Banking Specialist Banking management structure Global heads: David van der Walt and Richard Wainwright : David van der Walt (United Kingdom), Richard Wainwright (), Craig McKenzie (), Michael Cullen (Ireland), Stephen Henry (Channel Islands), Ajeeth Narayan (India), Milton Samios (), Nicolas De Mascarel () and David Rappaport (New York) Investment activities Lawrence Barnett David Phillips Richard Forlee Investment banking Eldad Friedman Andrew Moffat United Kingdom Tanis Crosby Corporate and institutional banking activities Global heads: Chris Meyer and Lourens van Rensburg and Other Central treasury Treasury products, Financial products, Institutional sales Securities Corporate finance Credit investments and Hedge trading Corporate lending, Aviation and Asset finance Fund finance Power and Commodities and resource finance Prime brokerage Ireland Chris Meyer Robert Swerling Paul Myers James Arnold Andrew Fitchie Andrew Pinder Clive Murray Mike Francis Simon Hamilton Michael Meeser Anthony Hawke Loman Gallagher Lourens van Rensburg Wouter Kielblock Central treasury Clive Sindelman Investec Cash Rene Grobler Investments Foreign exchange and Dhiren Mansingh interest rate trading, Treasury sales and structuring Financial products Kenric Owen Equity derivatives, Tinus Rautenbach Institutional research, sales and trading Investec Specialist Kenric Owen Investments Investec Life Michael Goemans Credit Investments Oliver Speers Specialised and David Tew asset finance Power and Andre Wepener Milton Samios Risk management Peter Binetter FICC sales and Charles Gorman structuring Corporate advisory Ben Smith Corporate and Simon Beissel acquisition finance Power and Jeff Law Commodities and Anthony Hawke resource finance Emerging companies David Phillips International financial institutions Darryn Solomon (global) David Gauld Investec for business Chairman Adam Orlin John Wilks Specialist Banking management structure November 2018 2
Specialist Banking Private banking activities Global heads: Cumesh Moodliar and Ryan Tholet Global chairman: Laurence Kaplan and Other Ryan Tholet Alistair Stuart Banking Jack Jones Private Capital Arjun Chopra Structured property Gary Dobson finance Channel Islands Brendan Stewart Product Wayne Preston and marketing Gila Cruise Credit and risk Andrew Higgins management Savings and High Income Head Linda Brown Banking Property finance Private Capital Credit risk management National risk head Cape Town Durban Eastern Cape Pretoria Cumesh Moodliar Keith Strachan Keith Strachan Charl Wild Victor Dos Reis Marle van der Walt Anthony Church Howard Tradonsky Jerome Passmore Scott Stanton Jacky Buys Melanie Humphries Property activities Global heads: Robin Magid (Trading, and acquisition) and Nick Riley (Fund Management) and Other Trading, and fund management Crispin Gandy Crispin Gandy Trading and Fund management Operations Darryl Mayers Andrew Wooler John Brink Dana Lazarus Graeme Katz Fund management Zach McHerron Trading and George Rose and operations Kristie Lenton Group services and other activities Corporate governance and compliance Human resources and organisation Investor relations Group finance Group risk Legal Risk management Secretarial and staff share schemes Tax Ian Wohlman () Bradley Tapnack (global and ) Kevin McKenna () Stuart Spencer () Marc Kahn Ursula Nobrega Nishlan Samujh Ciaran Whelan David Nurek Lauren Ekon () Malcolm Fried Ruth Leas () Peter Binetter () Kevin Kerr () Les Penfold Richard Ellaway () Justin Cowley () 3 Specialist Banking management structure November 2018
Wealth & Investment Wealth & Investment management structure Global head: Steve Elliott Switzerland Southern Africa Managing director Chief investment officer Research Click & Invest Strategy Compliance and risk IT Human Resources Jonathan Wragg Tom Street Iain Hooley Judy Price Chris Hills John Haynes Jane Warren Iain Clark Aidan Lisser Mike Rigby Andrew Rydon Lucy Black David Bulteel Carl Cross Adrian Quin Murray Mackay Legal and compliance Divisional director Ireland Head of Wealth and Investment Peter Gyger Petra Otten Melanie Abromowitz Catherine Kirchmann Michael Cullen Eddie Clarke Derek Byrne Portfolio management Stockbroking Wealth management Compliance IT Risk management Settlements Cape Town Durban Henry Blumenthal Joubert Hay Paul Deuchar Bernhard Grobler Alexandra Nortier/ Marc Romberg Simone Smith Bella Ferreira Vekesh Ramnath Alex Harding Hennie de Waal Ryan Parkhurst Jonathan Bloch/ Stephen Glanz Craig Hudson Johannesburg Paul Deuchar Port Elizabeth Andy Vogel Pretoria Sean Caveney Mathieu Lehelleix Wealth & Investment management structure November 2018 4
Asset Management Asset Management management structure Global heads: John Green and Domenico (Mimi) Ferrini Co-chief investment officers Kim McFarland Domenico (Mimi) Ferrini John McNab 5 Asset Management management structure November 2018