Philip Hourquebie has started his new role as chair of Investec Group.
He succeeded Perry Crosthwaite following the company’s annual general meeting last week.
Hourquebie is a former regional managing partner at Ernst & Young and is also a past chair of the board of the South African Institute of Chartered Accountants.
In other board news at the company, Lord Malloch-Brown has stepped down as a non-executive director.
Investec said in a statement that the board was “grateful to Perry and Lord Malloch-Brown for their exemplary service, commitment and contribution to the Investec Group. The board also congratulates Philip on his appointment as chair of the Investec Group.”