The exit interview: Investec’s Stephen Koseff
Koseff may have retired in September, but ‘he's still here in a suit and tie’
After 40 years at the helm of Investec, in which he took the obscure finance leasing company started by Ian Kantor in 1974, to a financial institution straddling SA and the UK that oversees assets equivalent to R4-trillion, Stephen Koseff stepped aside as CEO at the end of September 2018. In part one of this extended interview, Koseff is a touch ambivalent about whether he really wanted to go, but makes it clear he is not retired yet: “I am still here in a suit and tie.” He explains what is keeping him busy including his various board roles at Investec, Bidcorp and the Youth Employment Service.
In part two , Koseff explains how the specialist bank had to recover from the global financial crisis and why its “in pretty good shape.” He also rebuts criticism that the bank has not delivered large enough earnings growth in the wake of the crisis...
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