Ninety One Limited

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]

Ninety One
Ninety One Limited & Ninety One plc
TypeDual-listed public company
JSE: NY1
LSE: N91
FTSE 250 component
ISINZAE000282356
GB00BJHPLV88
IndustryFinancial services
FoundedJohannesburg
1991 (1991)
HeadquartersLondon, United Kingdom
Cape Town, South Africa
Key people
Gareth Penny, Chairman
Hendrik du Toit, CEO
ProductsAsset management
RevenueIncrease £663.9 million (2022)[1]
Increase £252.3 million (2022)[1]
Increase £205.3 million (2022)[1]
AUM£143.9 billion (2022)[1]
WebsiteOfficial website

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]

References
  1. "Results for the year ended 31 March 2022" (PDF). Ninety One. Retrieved 17 February 2023.
  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. "Investec withdraws 10% share offer in Ninety One due to market conditions". Investment Week. 13 March 2020. Retrieved 17 March 2020.
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