Investec launches investment banking service for North of England

The South African-owned bank has appointed Dan Sheahan from accountancy firm PwC to lead its activities in the region. He will be based in Leeds.

Andrew Pinder, head of investment banking, said: “We are delighted to welcome Dan to Investec.

“He is an excellent addition to the team and has a wealth of experience and knowledge advising a wide range of businesses and management teams on both sides of the Pennines.

“This appointment strongly reinforces our long term commitment to building our business across the North of England.”

Investec has completed 12 sole bookrunner IPOs in the last two years including Bonmarché, Servelec and SCS.

It has advised on 68 UK mergers and activities transactions worth £13.7bn over the past three years, including 21 public takeovers.

Mr Sheahan said: “I am excited to be joining Investec and to be leading its North of England investment banking activities.

“I look forward to helping strengthen the relationship and understanding between London and northern private equity, listed and private companies.

“There is a huge opportunity for Investec to leverage the breadth and depth of its offering and further build on its existing presence in the North.”

Investec Group is led by chief executive Stephen Koseff.