Investec names Ryan Friedman to lead investment arm

Investec has appointed Ryan Friedman as head of Investec Investment Management, succeeding Paul Deuchar, who has led the division since 2004.

The group says the appointment forms part of the continued evolution and international expansion of its specialist investment business.

Deuchar will remain within the business, continuing to serve clients and contribute to its investment processes after overseeing growth to nearly R400 billion in assets under management.

Friedman previously headed multi-manager investments at the group and was lead fund manager of the World Axis fund range, which he founded in 2004. The funds have since delivered top-quartile performance and grown assets to $9.5 billion (R157.2 billion).

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He has also led the expansion of the group’s strategic distribution partnership in Latin America.

Chief executive Joubert Hay says Friedman’s appointment reflects the depth of the firm’s investment capability and positions the business for its next phase of growth.