How is Investec dealing with the coronavirus pandemic?
Travel: In line with the Australian Government recommendations, all overseas travel has been suspended. Any staff member who has returned from overseas, has flu-like symptoms, or has been in close contact with anyone with a confirmed case of COVID-19 must self-isolate for a period of 14 days.
Business continuity: From Monday 16th March we have introduced a new way of working whereby we have the technology implemented so that all staff can work from home to ensure continuity and minimise any disruptions for our clients and staff. We have advised all staff to stay at home for at least 14 days if they, or a member of their household, is unwell. We continue to support staff who may have concerns about their own health or anyone close to them.
By combining our local experience and expertise with the strength of the broader Investec group we're able to deliver a compelling proposition and Out of the Ordinary solutions.
"We have a local focus with access to the global network."
Investec operates through a dual branch and non-branch structure in Australia. Its go-forward lending and financial markets activities are conducted through Investec Bank plc, Australia Branch (ARBN629 184 710) (the Branch), and its other activities (corporate advisory, equity investments and funds management) are conducted through Investec Australia Limited (ABN 77 140 381 184, AFSL number 342737) (IAL) and its other related entities (together the IAL Entities). Investec Bank plc (IBP) is authorised in the United Kingdom by the Prudential Regulation Authority of the UK (PRA) and is regulated by the PRA and the Financial Conduct Authority of the UK (FCA). The Branch is authorised and regulated in Australia by the Australian Prudential Regulation Authority. IBP holds an Australian financial services licence (number 515853) issued by the Australian Securities and Investments Commission covering the financial services it provides to wholesale clients in Australia. The Branch does not currently take deposits in Australia under the Banking Act 1959 (Cth). The IAL Entities (excluding the Branch) are not authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), and their obligations do not represent deposits or other liabilities of IBP, including the Branch. IBP (including the Branch) does not guarantee or otherwise provide any assurance in respect of the obligations of the IAL Entities.