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 As at 31 March 2018 officer Managing director Stephen Koseff^^ Bernard Kantor^^ Executive director Group risk and finance director Hendrik du Toit Glynn Burger ø From 1 October 2018* Joint chief executive officers Fani Titi Hendrik du Toit From 1 April 2019* Group risk director Group finance and operations director Ciaran Whelan Kim McFarland GEOGRAPHICAL BUSINESS LEADERS Glynn Burger Richard Wainwright United Kingdom David van der Walt Steve Elliott Specialist Banking Ciaran Whelan** David van der Walt Asset Management Hendrik du Toit^ Wealth & Investment Steve Elliott Human resources and organisational Marc Kahn Corporate governance and compliance Bradley Tapnack Group finance Nishlan Samujh Share schemes and company secretarial Les Penfold Group marketing Malcolm Fried Group investor relations Ursula Nobrega * Subject to regulatory approval as per the group s announcement made on 6 February 2018. ** As from 1 April 2018 Richard Wainwright has replaced Ciaran Whelan as joint head of the Specialist Bank. ^ Per the group s announcement made on 6 February 2018, John Green and Mimi Ferrini will be deputy CEOs of Investec Asset Management from 1 April 2018, and from 1 October 2018 will become joint CEOs of the business. ^^ Stephen Koseff and Bernard Kantor will become non-executive directors of the group on 1 April 2019. ø Glynn Burger will retire as a group executive director on 31 March 2019. 1 Group divisional structure June 2018 SUPPORT STRUCTURES
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 (), 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 Regional head 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 Treasury products Corporate finance International financial institutions Chris Meyer Robert Swerling Paul Myers James Arnold Andrew Fitchie Andrew Pinder Clive Murray Mike Francis Simon Hamilton Michael Meeser Anthony Hawke Loman Gallagher Aisling Dodgson Liam Booth Manoelle Lefevre Regional head 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 Darren Behrendt Investments Investec Life Darren Behrendt and Michael Goemans Credit Investments Oliver Speers Specialised and David Tew asset finance Power and Andre Wepener International financial institutions Darryn Solomon (global) David Gauld Regional head Milton Samios Risk management Peter Binetter FICC sales and Charles Gorman structuring Corporate advisory Ben Smith Corporate and Simon Beissel acqusition finance Power and Jeff Law Commodities and Anthony Hawke resource finance Emerging companies David Phillips Investec for business Regional head Chairman Adam Orlin John Wilks Specialist Banking management structure June 2018 2
Specialist Banking Private banking activities Global head: Ciaran Whelan* Global chairman: Laurence Kaplan and Other Ryan Tholet Cumesh Moodliar Alistair Stuart Keith Strachan Banking Jack Jones Banking Cumesh Moodliar Private Capital Arjun Chopra Property finance Charl Wild Structured property finance Channel Islands Product Gary Dobson Stephen Henry Wayne Preston Private Capital Credit risk management David Tew Marle van der Walt Anthony Church Gila Cruise National risk head Howard Tradonsky Credit and risk management Savings Head Andrew Higgins Linda Brown Cape Town Durban Eastern Cape Jerome Passmore Scott Stanton Jacky Buys Pretoria Melanie Humphries * From 1 April 2019 Ciaran Whelan will assume the role of Investec group risk director and Ryan Tholet and Cumesh Moodliar will assume the role of joint global heads of the Private Bank. 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 Fund management Trading and and operations Graeme Katz Zach McHerron George Rose Kristie Lenton Group services and other activities Corporate governance and compliance Human resources and organisation Investor relations Group finance 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 David Nurek Malcolm Fried Ruth Leas () Peter Binetter () Kevin Kerr () Les Penfold Richard Ellaway () Justin Cowley () 3 Specialist Banking management structure June 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 Simon McBride David Bulteel Carl Cross Adrian Quin Murray Mackay Legal and compliance Divisional director 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 Marc Romberg/ Alexandra Nortier 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 June 2018 4
Asset Management Asset Management management structure Global head: Hendrik Du Toit* Global head of client group Co-chief investment officers Kim McFarland John Green Domenico (Mimi) Ferrini John McNab * Per the group s announcement made on 6 February 2018, Hendrik Du Toit will become joint CEO of the Investec group from 1 October 2018. John Green and Mimi Ferrini will be deputy CEOs of Investec Asset Management from 1 April 2018, and from 1 October 2018 will become joint CEOs of the business. 5 Asset Management management June structure 2018