An asset manager has launched its new brand after completing its demerger from its parent company.
Investec Asset Management has split from Investec Group, with the company now adopting the name Ninety One.
As part of the divorce, Ninety One’s shares have listed on the London Stock Exchange and the Johannesburg Stock Exchange.
The company was originally established in South Africa in 1991.
Hendrik du Toit, founder and chief executive of Ninety One said in spite of the current market volatility, the company is excited about the future.
“Our purpose of investing for a better tomorrow is now as relevant as ever,” Mr du Toit said.
“We remain committed to serving our clients to the best of our abilities by building a better firm, pursuing better investment and contributing to a better world.”
Justin Cowper, country head, Australia at Ninety One added: “Although our name has changed, we remain the same company with the same passion for our clients.
“Since launching our Australian operations in 2013, we have made it our focus to work hand in hand with institutional investors to tailor our specialist investment capabilities to meet the needs of their portfolios.”
The company now has $236.5 billion (US$142.4 billion) in assets under management.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].