Ninety One Limited
 | |
| Company type | Dual-listed public company |
|---|---|
| JSE: NY1 LSE: N91 FTSE 250 component | |
| ISIN | ZAE000282356 GB00BJHPLV88 |
| Industry | Financial services |
| Founded | Johannesburg 1991 |
| Headquarters | London, United Kingdom Cape Town, South Africa |
Key people | Gareth Penny, Chairman Hendrik du Toit, CEO |
| Products | Asset management |
| Revenue |  £627.1 million (2023)[1] |
| £206.8 million (2023)[1] | |
| £163.8 million (2023)[1] | |
| AUM | £129.3 billion (2023)[1] |
| Website | Official website |
Ninety One is an Anglo-South African asset management business, based in London and Cape Town and dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange. It is a constituent of the FTSE 250 index.[2]
History
[edit]The company was formed as Investec Asset Management in 1991.[3] It changed its name to Ninety One in spring 2020: the new name is in recognition of the brand's heritage, as it was in 1991 that the investment firm was started in South Africa.[4]
The company was demerged from Investec in March 2020.[5] It had been envisaged that 10% of the stock would be offered to the public but Investec decided to retain 25% (rather than just 15% as originally planned) because of market conditions.[5]
Ninety One managed US$159 billion in assets as of 31 December 2022.[6]
References
[edit]- ^ a b c d "Results for the year ended 31 March 2023" (PDF). Ninety One. Retrieved 13 February 2024.
- ^ "FTSE 250 Index". London Stock Exchange. Retrieved 9 July 2020.
- ^ "Ninety One Starts Trading In London And Johannesburg After Demerger". Morningstar. 16 March 2020. Retrieved 17 March 2020.
- ^ "Investec AM rebrand Ninety One to list on LSE". Investment Week. 29 November 2019. Retrieved 17 December 2019.
- ^ a b "Investec withdraws 10% share offer in Ninety One due to market conditions". Investment Week. 13 March 2020. Retrieved 17 March 2020.
- ^ "About us: Ninety One". Endowus. 31 December 2022. Retrieved 21 November 2023.
External links
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