Ninety One, previously Investec Asset Management, is pleased to announce the completion of its demerger from Investec Group and the official launch of the Ninety One brand – the final step in its journey to becoming an independent global asset manager.
As part of the demerger, Ninety One’s shares listed yesterday on the London Stock Exchange and the Johannesburg Stock Exchange, preserving the South African and UK-based roots of the company.
Hendrik du Toit, Founder and Chief Executive Officer of Ninety One, said: “Today we start an exciting new phase as an independently-listed company. In spite of the current market volatility, we are excited about the future.
“Our purpose of investing for a better tomorrow is now as relevant as ever. We remain committed to serving our clients to the best of our abilities by building a better firm, pursuing better investment and contributing to a better world.”
Ninety One is now a truly independent global asset management business with the strategic and financial flexibility to best serve clients, create value over the long term and attract and retain talent. Established in South Africa in 1991, founder-led Ninety One preserves its unique culture through the demerger.
Following the unveiling of its new brand and name in November 2019, Ninety One today formally adopts its new identity that both recognises the firm’s history and reflects the forward-looking, resilient and agile nature of the business.
Justin Cowper, Country Head, Australia, of Ninety One, added: “Although our name has changed, we remain the same company with the same passion for our clients.
“Since launching our Australian operations in 2013, we have made it our focus to work hand in hand with institutional investors to tailor our specialist investment capabilities to meet the needs of their portfolios.”
