10 April 2012
Investec saw its assets under management rise slightly in the last nine months of 2011, but only due to its £230 million acquisition of Evolution Securities in September.
The bank and asset manager admitted that it suffered from "volatile markets and low levels of activity" in the third quarter.
The £3.9 billion gain in assets under management from Evolution, however, helped Investec's overall level to rise 1.9% to £90.6 billion in the first three quarters.
Customer accounts fell 0.7% to £24.3 million, and Investec's underlying, operating profit was 5.6% lower than in the same nine-month period in 2010.
