 | |
| Company type | Dual-listed public company |
|---|---|
| Traded as | JSE: NY1 LSE: N91 FTSE 250 component |
| ISIN | ZAE000282356 GB00BJHPLV88 |
| Industry | Financial services |
| Founded | Johannesburg 1991; 33 years ago (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) |
| Operating income | £206.8 million (2023) |
| Net income | £163.8 million (2023) |
| AUM | £129.3 billion (2023) |
| 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.
History
The company was formed as Investec Asset Management in 1991. 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.
The company was demerged from Investec in March 2020. 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.
Ninety One managed US$159 billion in assets as of 31 December 2022.
References
- ^ "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.
- ^ "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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