Investec’s decision to scrap its Click & Invest digital offering may have captured the headlines. But the Anglo South African banking group still intends to grow its wealth management activities, especially in the UK, its biggest single market, by recruiting additional investment management personnel and expanding its financial planning capabilities.

“In the UK our strategic growth focus is to maintain our emphasis on delivering organic growth through expanding the discretionary managed business,” said Steve Elliott, the global head of Investec Wealth and Investment, in the analysts booklet that accompanied its latest f...