Investec Wealth & Investment (W&I) in the UK and “other” jurisdictions has increased its operating profits ahead of its combination deal with Rathbones.
Adjusted operating profit increased by 1.3 percent from £90.6 million at the end of 2022 to £91.8 million at 31 March 2023.
The firm attributed this increase to higher net interest income from rising global interest rates, which was offset by lower net fees and commission income.
Revenues were up 2....
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