Evolution deal helps Investec in 'volatile' times

The bank and asset manager admitted that it suffered from "volatile markets and low levels of activity" in the third quarter.

The £3.9 billion gain in assets under management from Evolution, however, helped Investec's overall level to rise 1.9% to £90.6 billion in the first three quarters.

Customer accounts fell 0.7% to £24.3 million, and Investec's underlying, operating profit was 5.6% lower than in the same nine-month period in 2010.