Investec ponders Southeast Asia business push

Investec Asset Management, the $85 billion firm based in South Africa, has made a strategic commitment to managing assets for the world’s 300 biggest institutions, including 30 in Asia ex-Japan. It has transferred Tobie van Heerden from Capetown to Hong Kong for a new role as head of Asia institutional business. Although no plans for new offices in the region have been made, it is considering putting resources into Singapore over the next few years. In part, this is because the …