Investec has hired analysts to start covering the banking, insurance and utilities sectors, and has re-initiated research reports on two other industries, as the South African investment bank joins a spate of competitors in building out its research division.

Investec has appointed Gareth Hunt, Kevin Ryan and Angelos Anastasiou to begin research on new sectors, and has added Morten Singleton and Paul Leyland to re-initiate coverage of the telecoms and gaming sectors.