The move, which takes effect immediately, is part of a strategy to grow significantly Investec’s presence in the high net worth banking arena. The focus of Investec Private Bank’s high net worth lending operations will be personal lending secured upon property, financial and other assets, and contracted future income streams.
Investec Private Bank has been expanding its range of services for high net worth individuals, and last year launched Voyage by Investec, a private bank account.
Eden moves from heading up Debt Capital Markets, which he established at Investec in 2010. Under his leadership, the bank has become the market leader in the field of UK retail targeted bonds and recently led its first sovereign deal for South Africa in the US dollar global markets. Prior to joining Investec, Eden held leadership roles at RBS, and Lehman Brothers Europe.
Eden Riche said:
“I’m excited to be joining the Private Bank at such an important stage in its development. Investec’s brand recognition and commitment to high end service values makes it ideally positioned to grow significantly in high net worth personal lending and banking.”
Avron Epstein, Managing Director at Investec Specialist Bank, said:
“Eden brings with him a wealth of experience at some of the City’s major financial institutions which will help Investec Private Bank further develop an already market leading service for high net worth individuals.”
