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Investec appoints former IMF director Lipschitz

Investec appoints former IMF director Lipschitz

Investec Asset Management has hired former IMF Institute director Leslie Lipschitz as a visiting strategist in its global investment team.

Lipschitz will be based in Cape Town and will work closely with the fixed income and multi-asset teams to help formulate their macroeconomic and thematic views.

He has held senior positions in three area departments at the IMF, including Asian and Pacific, African and European, as well as holding posts in the policy development and review department.

Lipschitz has worked extensively in Asia, Africa and Europe, and has led numerous IMF missions.

He also helped in the IMF’s work on surveillance over the major industrial countries, has led programme negotiations for emerging and developed countries, and was closely involved in the organisation’s policy development work in surveillance and conditionality.

Hendrik du Toit, CEO of Investec Asset Management, said: ’We are confident that the insights he gained from many years of engaging with policy makers around the world, some of whom represented countries in crisis, will add significant benefit to our clients’ portfolios.’

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