Investec

Pierre, you talk about how much this intrinsically means to you from a non-financial point of view.

I guess if you were completely financially aligned as a young man, you'd go work for a South African bank like Investec or someone.

You would take that well-trodden path, that very secure... route whereby there's loads of career opportunities to make it in South Africa within rugby or indeed in Scotland within rugby very few people make it so you need to be intrinsically motivated to go through that level of risk for example and because I hear how aligned and integral you are to this mission You talk about how you're preparing financially for a life post-rugby.

How are you preparing non-financially? How are you preparing psychologically for when you can't play? When that no longer becomes a part of your active identity? You're a was, not a I am.

So not only did the London stock market have the liquidity, but the industry was moving very quickly.

So it was a desirable investment from that point of view and the last one was 250 million and that one was we the broker the joint broker between Investec and Bank of America and the lead investment was from BlackRock and So we went all the way up the capital ladder.

And

you said that your market cap peaked at three and a half billion? Peaked at three and a half, yeah.

Welcome to Macro Monday on Investec Focus Radio SA, a podcast about what's driving global and local markets.

I'm Chris Holdsworth, Chief Investment Strategist at Investec Wealth & Investment.

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Investec Wealth and Investment International, a member of the JSC Equity, equity derivatives, currency derivatives, bond derivatives, and interest rate derivatives markets.

He's head of Europe for Waterfall Asset Management, joining the firm in 2016, and he was recently named partner at the firm.

After over a quarter century in credit overall and structured finance, including stops at Investec Bank, Pratani Advisors, and S&P, Jamie, thanks for joining us on Credit Crunch.

Thank you.

Nice to be here.

So going back a little bit over a decade ago in terms of, you know, how you kind of came up in the space, sort of what, you know, built your foundation and credit and sort of what sort of drove the decision to join Waterfall.

Yeah, sure.

So I was working for Investec, a South African bank, but with a balance sheet and lending business in London.

And I was hired by an ex-Bear Stearns, a guy called Andy, who...