Investec Bank Limited, a specialist bank, provides a range of banking products and services to high-income and high net worth private, and corporate, government, and institutional clients in South Africa and Mauritius. It operates through three segments: Private Banking, Corporate and Investment Banking, and Other and Group Investments. The company offers private banking services, including transactional banking, lending, property finance, and savings products, and life assurance and investment products; and corporate and institutional banking services, such as specialized lending, treasury and trading solutions, fixed income, currency, and commodities, as well as institutional research, sales, and trading services. It also provides import and trade finance lending, cashflow lending, and asset finance services; and investment banking and principal investment services comprising principal investments, advisory, and debt and equity capital markets. The company was formerly known as Investec Merchant Bank Limited and changed its name to Investec Bank Limited in 1997. The company was founded in 1974 and is based in Sandton, South Africa. Investec Bank Limited operates as a subsidiary of Investec Limited.