Internal restructuring
United Kingdom
London; Inner London; Inner London - East
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.99 - Other financial service activities, except insurance and pension funding n.e.c.

210 jobs
Number of planned job losses
Job loss
Announcement Date
14 September 2020
Employment effect (start)
Foreseen end date


Investec, the British-South African global banking and wealth management group has announced that it will cut 210 jobs in its London offices as part of an ongoing restructure. According to media sources, the job cuts will affect support roles in the group’s banking arm.   

The chief executive said the reduced economic activity and market volatility caused by the COVID-19 pandemic had contributed to the pessimistic forecasts for the business.

Investec provides a range of financial products and services to clients in Europe, South Africa and Asia-Pacific. The group employs over 3,000 people in the UK.



Eurofound (2020), Investec, Internal restructuring in United Kingdom, factsheet number 102090, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102090.