Investec cofounder Stephen Koseff opens up about quitting as CEO

Stephen Koseff who co-founded Anglo-South African investment bank and asset manager Investec four decades ago, will step down as chief executive in October as part of a changing of the guard. Picture: Investec.com

Investec cofounder Stephen Koseff is stepping down as CEO in October.

Koseff (66) created Investec – an asset manager of $200 billion of clients’ money - four decades ago.

Chairman Fani Titi and Hendrik du Toit - head of Investec’s asset management business – will be joint Chief Executives.

The Money Show’s Bruce Whitfield interviewed Koseff.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

You need a changing of the guard. The next generation has to come through.

Stephen Koseff

We will still be around in non-executive capacities, providing support…

Stephen Koseff

It’s an orderly transition.

Stephen Koseff

40 years ago we had no clue we’d get to where we got to.

Stephen Koseff

I’ve been through five financial crises in my career!

Stephen Koseff

People keep on throwing darts at us! We have done a brilliant job on transformation...

Stephen Koseff

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