Brendan Stewart has held a number of senior roles in South Africa in his 14 years with the group, including Regional Head in Durban.
For the past decade, he has been responsible for growing the regional Private Banking business within the region and a staff of 130 people. During this time, he sat on the bank’s National Management Committee, which oversees development and strategy in South Africa.
Commenting on his new role, Mr Stewart said: “First of all I have to pay tribute to the contribution that Stephen Henry has made to the success of Investec Private Banking in the Channel Islands, displaying sound leadership and vision to build our team of professionals.
“I am looking forward to working with our teams in Guernsey, Jersey and Isle of Man as we continue to build on solid foundations and deliver excellent service and flexible banking solutions for our clients. The Channel Islands and Isle of Man are highly regarded, and reputable international finance centres and Investec is committed to maintain the standards of excellence and professionalism for which we are known.”