Ninety One Limited

Ninety One
Ninety One Limited & Ninety One plc
Company typeDual-listed public company
JSE: NY1
LSE: N91
FTSE 250 component
ISINZAE000282356
GB00BJHPLV88
IndustryFinancial services
FoundedJohannesburg
1991; 33 years ago (1991)
HeadquartersLondon, United Kingdom
Cape Town, South Africa
Key people
Gareth Penny, Chairman
Hendrik du Toit, CEO
ProductsAsset management
RevenueDecrease £627.1 million (2023)[1]
Decrease £206.8 million (2023)[1]
Decrease £163.8 million (2023)[1]
AUMDecrease £129.3 billion (2023)[1]
WebsiteOfficial 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

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

  1. ^ a b c d "Results for the year ended 31 March 2023" (PDF). Ninety One. Retrieved 13 February 2024.
  2. ^ "FTSE 250 Index". London Stock Exchange. Retrieved 9 July 2020.
  3. ^ "Ninety One Starts Trading In London And Johannesburg After Demerger". Morningstar. 16 March 2020. Retrieved 17 March 2020.
  4. ^ "Investec AM rebrand Ninety One to list on LSE". Investment Week. 29 November 2019. Retrieved 17 December 2019.
  5. ^ a b "Investec withdraws 10% share offer in Ninety One due to market conditions". Investment Week. 13 March 2020. Retrieved 17 March 2020.
  6. ^ "About us: Ninety One". Endowus. 31 December 2022. Retrieved 21 November 2023.