What private banking support can Investec provide?

1. What financial needs are fund professionals in the industry sharing with Investec? 

Emily: Our team specialises in working with fund and asset managers, which gives us a great insight into the complex and volatile income streams that are often seen in this profession. These include discretionary bonus structures, performance-based fees, deferred stock and foreign currency dividends.

In the current economic environment, many individuals are looking to us to help them leverage this income to help them seize opportunities, raise capital or manage cash flow. If this applies to you, we could support you with transactional banking, bespoke mortgages and foreign exchange services which reflect your personal needs.

2. What mortgages are available in the current interest rate climate?

Emily: Our approach to mortgages is bespoke and we can look at your situation holistically. We may be able to take complex income streams into account to achieve a higher loan-to-value or structure your repayments to align with your income pattern. We can also explore fixed-term or tracker rates, with capital repayment, interest-only or a combination of both.

We can take the same approach for investment properties and lend to Special Purpose Vehicles (SPVs) and trusts. Our integrated credit team typically enables us to make lending decisions within days.

3. Is it possible to lock in current exchange rates?

Emily: Yes. Some clients with exposure to foreign currency, including US dollars and Euros, are choosing to secure an exchange rate using an FX Open Forward contract. This contract allows you to predict the level of proceeds you will receive up to 24 months in advance, so you can plan accordingly.

Our in-house foreign exchange dealers also work with clients to monitor the markets and execute trades when agreed rates are met using spot trades and market orders.

4. Which savings accounts are available for high-net-worth individuals?

Emily: In cases where you don’t need access to cash immediately, it may be possible to earn a higher rate of interest by holding cash in a notice deposit account instead of an easy-access savings account. These accounts enable you to make withdrawals after a period of one or three-months. 

At Investec, we currently pay one rate of interest on balances up to £1m and a higher rate for amounts above this.

5. Is it time-consuming to access different services?

Emily: We provide a holistic experience when working with individuals, which means our private banking, lending and foreign exchange support is offered seamlessly alongside corporate banking services for your fund or firm.

We understand that different services will become relevant at certain points in your career and we aim to build trusted relationships so we can proactively and efficiently connect you to the most relevant specialists when required.

Now more than ever, many individuals who work in the fund management industry are seeking a second opinion, new opportunities and different providers for their unique requirements. If you would like more information, please get in touch.

Important information:

This article is for general information purposes only and should not be used or relied upon as professional advice.

Your property may be repossessed if you do not keep up repayments on your mortgage. Investec residential mortgages are only available for residential properties in England or Wales and are primarily available to UK residents and subject to eligibility.

You can only book an FX Forward which is for an underlying personal or commercial spending purpose. Additional terms and eligibility criteria apply for FX Forwards.