Ninety One completes demerger and launches new brand

Ninety One, formerly Investec Asset Management, is pleased to announce the completion of its demerger from Investec Group and the official launch of the Ninety One brand

Mar 16, 2020

Ninety One, formerly Investec Asset Management, is pleased to announce the completion of its demerger from Investec Group and the official launch of the Ninety One brand

16 March 2020 - Ninety One, formerly Investec Asset Management, is pleased to announce the completion of its demerger from Investec Group and the official launch of the Ninety One brand - the final step in its journey to becoming an independent global asset manager.

As part of the demerger, Ninety One’s shares today list on the London Stock Exchange and the Johannesburg Stock Exchange, preserving the South African and UK-based roots of the company.

Hendrik du Toit, Founder and Chief Executive Officer of Ninety One, said: “Today our exciting journey as an independent company really begins. In a world of change, Ninety One delivers the simplicity and focus that are key success factors for our business. While we are evolving our ownership structure and changing our name, we are not changing who we are and what we deliver to our clients. I’d like to extend a big thank you to our employees, our shareholders – including Investec - and to our clients for their continued support, and I’m excited to begin forging our path as Ninety One.”

Ninety One is now a truly independent global asset management business with the strategic and financial flexibility to best serve clients and create value over the long term. Established in South Africa in 1991, founder-led Ninety One is built on a foundation of entrepreneurship, underpinned by its employee ownership structure.

Through the demerger, Ninety One’s unique culture is preserved, creating an ideal structure for attracting and retaining the best talent, and strengthening its offer to clients. The business offers its international client base a range of high-conviction, active strategies across a diverse range of asset classes.

Following the unveiling of its new brand and name in November 2019, Ninety One today formally adopts its new identity that both recognises the firm’s history and reflects the forward-looking, resilient and agile nature of the business.

Notes to Editors

About Ninety One

Ninety One is an independent, active global asset manager dedicated to delivering compelling outcomes for its clients, managing more than £120.8 billion (US$ 142.4 billion) in assets (as at 30.09.19).

Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One. Today the firm offers distinctive active strategies across equities, fixed income, multi-asset and alternatives to institutions, advisors and individual investors around the world.

Ninety One

The information contained in this press release is intended primarily for journalists and should not be relied upon by private investors or any other persons to make financial decisions. Furthermore, the material contained herein is for informational purposes only and should not be construed as an offer, or solicitation of an offer, to buy or sell securities either generally or in any jurisdiction where the offer or sale is not permitted. Offers are made only by prospectus or other offering materials and upon an investor meeting certain suitability standards and any other applicable requirements as required by law.

All of the views expressed about the markets, securities or companies in this press comment accurately reflect the personal views of the individual fund manager (or team) named. While opinions stated are honestly held, they are not guarantees and should not be relied on. Ninety One in the normal course of its activities as an global asset manager may already hold or intend to purchase or sell the stocks mentioned on behalf of its clients. The information or opinions provided should not be taken as specific advice on the merits of any investment decision. This press release contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, new legislation and regulatory actions, competitive and general economic factors and conditions and the occurrence of unexpected events. Actual results may differ materially from those stated herein. Telephone calls may be recorded for training, monitoring and regulatory purposes and to confirm investor’s instructions. Ninety One’s Privacy Notice is available at www.ninetyone.com/privacynotice.

For further information, please contact:

Neil Doyle, FTI Consulting +44 (0)20 3319 5584

[email protected]

www.ninetyone.com