Investec CEO Stephen Koseff says the board must decide when he should step down. But though he believes the company culture is so well embedded that the bank will survive without him, letting go won’t be easy. On the other hand some think Investec has become stale and that now, in the wake of its successful cleanup, would be a good time to name a new CEO. Stephen Koseff doesn’t work much on weekends. He plays golf on Sundays and rests on Saturdays, occasionally having a coffee with one of the "laaities" at Investec while his wife plays bridge. "I can see myself opting out [of Investec], like I do on weekends. I don’t know what I’d do if I retire, because it’s my life," Koseff (65), says of the bank he has led for more than three decades. A straight-shooter who graduated from a state-run school, Benoni High, Koseff joined Investec in 1980 — along with founders Ian Kantor, Errol Grolman and Larry Nestadt — as its eighth employee. Today, it employs nearly 8,500 people across the globe ...
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