Investec Bank has appointed a new Chief Executive Officer to run its business in Jersey, Guernsey and Isle of Man, taking over from Brendan Stewart, who is stepping down as CEO after five years.

Jane Niles will take up her new role on 1 October, subject to regulatory approval.

Niles joined Investec in 2016, initially leading the Corporate and Family Office segment, and more recently, acting as Head of Offshore Real Estate and Head of Lending.

She has a 22-year track record in banking, delivering in corporate, institutional, and private client segments across domestic, offshore, and international jurisdictions.

Ruth Leas, CEO of Investec Bank plc, said: "We are very proud of our business in the Channel Islands and the Isle of Man, where we have been headquartered in Guernsey for 25 years, with a branch in Jersey and a representative office in the Isle of Man. 

"As an existing and valued member of our local leadership team, Jane will bring knowledge as well as passion for the business to her new role. Jane's experience of international and offshore markets and her strong working relationships with our Investec businesses in the UK and South Africa will be invaluable. 

"We look forward to the continued success of our business in the Channel Islands and Isle of Man, as we work with our clients and local communities to create enduring worth."

Niles said: "It is an exciting time to be taking up this role as the bank continues its growth in its core client segments of Private Clients, Trust and Corporate Service Providers, Corporates and Family Offices."

She also paid tribute to Brendan Stewart, who is stepping down as CEO after five years in the role.