Itumeleng Merafe

Head of Private Banking, South Africa, Investec Private Bank

Itumeleng Merafe is Head of Private Banking, South Africa of Investec Private Bank, in the role since 2024.

Investec Private Bank is the South African private banking unit of Investec. In May 2026 Investec set a target of about 250 000 South African private banking clients by 2030, up from 128 000.

In the job

  1. Investec named Merafe as incoming head of its South African private bank, to take over from Cumesh Moodliar in 2024. Source

  2. Merafe and Fani Titi set out a plan to double South African private banking clients by 2030 by targeting affluent earners. Source

Career before

  1. 2006Retail treasury consultant, Investec
  2. 2015Head of treasury structuring, Investec
  3. 2020Head of sales, Investec for Business

Education

BCom in economics and investment management; master's degree in the management of finance and investments; finance executive development programme, Cass Business School

Sources

  1. dailymaverick.co.za
  2. news24.com
  3. billionaires.africa

Facts last checked 3 November 2026. Spotted something out of date? Tell us.

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