Investec to spin off asset-management business: Investec to spin off asset-management business: Investec PLC said Friday that it plans to spin off and separately list the Investec Asset Management business, which is expected to be completed in the next 12 months. The investment bank said Chief Executive Stephen Koseff will step down on Oct. 1, to be replaced by Fani Titi and … [Read more...] about Investec to spin off asset-management business