Investec CEO Fani Titi’s total remuneration increased 73% to £7.501m (R179.8m) in the 2023 financial year.
- CFO Nishlan Samujh’s total remuneration came to £4.298m in 2023, or 147% more than the previous financial year.
- The Investec share price has significantly outperformed its comparator indices in both the UK and SA over the past three years.
- The remuneration committee believes that the executive directors have performed very well and their remuneration is reflective of the overall financial and nonfinancial performance.
- Outgoing executive directors Richard Wainwright and Ciaran Whelan, who will remain with the group until 2025 when they retire, did less well, relatively speaking.
- The remuneration committee was assisted in its considerations by Korn Ferry in the UK and legal firm Bowmans in SA.
- One of the areas of focus for Investec’s remuneration committee in the 2024 financial year will be the proposed development of a new directors’ remuneration policy.