Investec Bank plc (‘Investec’ or ‘the Bank’), a leading international financial services provider, has today announced further growth in its Investment Banking business with the launch of a new dedicated European ECM desk as part of its increasing focus on providing specialist services to the mid-market sector. This new desk will allow clients to draw upon the full breadth of Investec’s ECM offering through a single point of contact and dedicated product expertise.
This new desk will be led in Europe by new appointee Duncan Smith who joins as Head of European ECM, supported by Ben Griffiths who has been with the Investment Bank since 2019. Duncan joins the Bank from RBC Capital Markets where he was head of European equity capital markets.
Investec has a long-standing ECM specialism, helping companies raise equity at IPO or through a secondary market issuance, or via block trades for individual, trade, private equity and institutional shareholders. Clients have access to deep capital pools in the UK, North American and European markets through Investec’s leading distribution platform, which includes top-ranked research and equity sales teams. Investec routinely deploys its balance sheet to underwrite client deals and de-risk execution.
Carlton Nelson, Head of Corporate Broking & PLC Advisory, commented: “The launch of our new dedicated desk builds on Investec’s existing ECM capabilities, centralising our expertise under Duncan. Bringing in experts like Duncan means that we can offer a range of dedicated and specialist services to our clients, further accelerating our growth in the mid-market sector at a time when we see encouraging signs of a gradual opening of the IPO market.”
Duncan Smith, Head of European ECM, added: “I’m pleased to be joining Investec to lead its ECM business in Europe as we prepare for further equity capital markets activity. I join a franchise that is already well established and well recognised as the UK's leading mid-market focused investment bank and look forward to further enhancing that expertise.”
The desk launch and the addition of new senior hires position Investec to further strengthen its leading position in a mid-market segment that is underserved by the large global investment banks. It comes as Investec has recently advised on high profile transactions including the admission to trading on AIM of Rosebank Industries and the takeover of Alpha Financial Markets Consulting by Bridgepoint. Investec’s standing in the UK market has also been recognised through industry leading rankings and awards including Best Performing UK Bank 2024 (The Banker) and No.1 Small and Mid-Cap Broker 2023 (Institutional Investor).
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