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]
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]