The Anglo-South African group, Investec, reported its assets under management (AuM) had passed the £40bn mark.
From 31 March 2012, AuM of Investec Wealth Management increased by 15% to £40.1bn.
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The increase in AuM was aided by the purchase of William de Broë and the Irish private client stockbroker, NCB, in January 2012.
However, Jonathan Wragg, CEO of Investec, said that those transactions will lead to excess cost in the 2013 results.
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