Senior staff to take 15% stake in Investec AM

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Investec Asset Management chief executive Hendrik du Toit, managing director of UK distribution David Aird and other senior employees are to acquire a 15% stake in the business for £180m.

The purchase is being made by 40 senior managers and employees at Investec, led by du Toit, and is expected to take place by the end of July, subject to Investec shareholder approval. The buyers...

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