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Investec combines planning services in advice arm launch

Investec combines planning services in advice arm launch

Investec Wealth & Investment has combined its financial planning and wealth planning services into a new advice arm.

It has appointed co-heads Michelle Holgate and Sarfraz Hafeji to lead the wealth advisory business.

Investec Wealth’s chief commercial officer, Barbara-Ann King, who was appointed to the role in October 2020, said: “We’re proud to be announcing two internal candidates to take up these important roles, showcasing the wealth of skilled, diverse people we have within our teams.

“Offering holistic advice is key to our strategy. Michelle and Saf have our full support as they build out our wealth advisory offering and help us to provide genuinely differentiated products and services to empower our clients to meet their wealth ambitions.”

Holgate has been with Investec for four years but in the industry for 17 years. She joins having worked with high net worth individuals both in the UK and offshore.

Meanwhile, Hafeji has worked in financial services for nearly 21 years, 17 of which have been at Investec, where he has performed various roles and was part of the senior leadership team. 

Holgate said: “I am excited to take on this new role alongside Saf and to continue to enhance our financial planning and wealth advisory business. 

“I look forward to seeing IW&I grow and evolve with the ever-changing environment in which we live and work.”

The two will take on their new roles with immediate effect.

Hafeji added: “Advice used to be about investable wealth, but it now means so much more than that. 

"This holistic approach is absolutely crucial to Investec’s offering, and I’m proud to be leading this drive alongside Michelle.”

Elsewhere Investec has made a number of internal promotions, including Nicola Toyer, appointed as head of charities, Alex Charalambous, appointed as regional director of private clients in the southern region and Stewart Teague, appointed head of commercial transformation and product development.

Investec released its financial year end results on May 21 2021, saying its profits were up 18 per cent to £74.3m in what it called a 'year of two halves'. 

sonia.rach@ft.com

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