Please contact Luke O'Mahony, Public Relations at Investec
19 Aug 2021
Investec Wealth & Investment makes CIO appointment
Investec Wealth & Investment UK (IW&I) is pleased to announce the appointment of Stacey Parrinder-Johnson as Chief Investment Officer (CIO).
Stacey will lead the formation and development of the Investment and Research Office, bringing together IW&I’s portfolio construction and research capabilities under one function. She also joins IW&I’s Executive Committee and Commercial Leadership teams, supporting Investec’s collective mission to grow and develop its Wealth offering for the future.
Stacey joined Investec in 2005, initially as a member of the Leeds Discretionary Desk before joining the Research Team in 2013. During her time in Research, Stacey has covered a broad range of investment areas, most recently introducing more thematic and private equity names to the approved list.
Additionally, she has managed a number of illustrative portfolios used in both the UK and South African businesses, and has been a key figure in developing Investec’s ESG and Sustainability offering.
Barbara-Ann King, Chief Commercial Officer at Investec Wealth & Investment, commented:
“Investec has developed an incredibly deep pool of internal talent, and I’m immensely proud that we are able to find an exceptional candidate for this position from within the business. This is a very important appointment for us, key to our ambition to grow our market share, and Stacey will play a significant role in shaping the future of Investec Wealth & Investment.”
Stacey Parrinder-Johnson commented:
“I’m delighted to be taking up the role of CIO at this exciting time for Investec, and the creation of the Investment and Research Office will bring together our portfolio construction and research capabilities under one function.”
“This will allow us to further capitalise on our relationships with our Banking and South African Wealth divisions, to engage our entrepreneurial spirit in developing exciting new propositions for our clients, and to deliver our purpose of creating enduring worth, living in – and not off – society.”
Since Barbara-Ann King was appointed Chief Commercial Officer in October 2020, Investec has made a number of significant internal promotions from its internal talent programme for identifying future leadership, including:
- Nicola Toyer, appointed Head of Charities
- Alex Charalambous, appointed Regional Director of Private Clients, Southern Region
- Stewart Teague, appointed Head of Commercial Transformation and Product Development
- Michelle Holgate and Saf Hafeji, Co-Heads of Wealth Advisory
- Aedin Watts, appointed Chief of Staff
Chris Hills plays a key part in the new leadership team as Chief Investment Consul, and will work closely with Stacey and her leadership team to develop the new division.
Investec expects to make further leadership appointments in the coming weeks.
Investec Group released its financial year end results on 21 May 2021, where the Wealth & Investment business in the UK and Europe increased adjusted operating profit by 18.0% to £74.3 million (FY2020: £63.0 million) and recorded positive net organic growth in FUM of 3.3% since 31 March 2020.