Investec co-founders Stephen Koseff and Bernard Kantor officially stepped down on Monday, after leading the specialist banking group and asset manager for over 40 years. The financial services group announced in February that Koseff, who served as CEO, would be succeeded by both chair Fani Titi and the head of Investec’s asset management business, Hendrik du Toit. Kantor, the MD, and Koseff were among the five executives who founded Investec. Kantor has been with Investec since it was established in 1974, and though Koseff only joined on a part-time basis in 1980, he is also recognised as one of the founders and had held the CEO position for 21 years. The two men were instrumental in expanding the group’s presence outside of SA and its listing on the London Stock Exchange in 2002. In their last month at the helm, Investec announced plans to spin off and separately list Investec Asset Management (IAM). The group said Kantor and Koseff will continue to serve on its board as executive ...

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