Investec’s wealth & investment arm has posted an operating profit of £85.7m for the year ended 31 March 2016, up 8.8% compared to £78.8m a year ago.
The unit’s total funds under management stood at £45.5bn, compared to £46.1bn in the prior year.
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The asset management unit of Investec posted an operating profit of £134.8m for the year ended 31 March 2016, down 9.5% from £149m a year earlier. The business reported net inflows of £3.2bn during the period.
Total funds under management for the unit decreased to £75.7bn from £77.5bn a year ago.
Investec CEO Stephen Koseff said: "Wealth and Investment’s increased collaboration with the Private Banking business is proving successful. Asset Management have continued to see good net inflows across their client groups. Overall a good performance in a challenging environment reinforces our strategy of building a diversified business model."
Overall, the group’s operating profit increased 0.6% year-on-year to £583.9m from £580.7m.
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