Investec Thursday said it is in good shape for further growth, as it reported a 9% rise in pretax operating profit for fiscal 2010, in line with expectations.

The Anglo-South African asset manager and investment bank said it made GBP432.3 million in pretax operating profit in the year ended March 31, after stripping out non-operating items and goodwill. Its investment banking, property and asset management businesses did well, with double-digit rises in pretax operating profit, but its private banking operations made less than half what it had in fiscal 2009, when it was the second-biggest profit contributor by business line.