Investec AM changes its name
Investec Asset Management has announced it will be rebranded as Ninety One as the new name better reflects the firm’s heritage at the time when it is planning to list in Q1 of next year.
In an announcement, the firm said it was set up in South Africa in 1991 and that “with change came the chance to invest in a better future. Being part of that change made us who we are”.
“We are changing our name but not who we are. Our new name is Ninety One, recognising the momentous time in which we started our firm,” it said.
At the same time, the firm said that the name change would not take effect until the point of listing.
The company said it would be targeting dual listing in London and Johannesburg, subject to approval by the shareholders of Investec plc and Investec Limited.
“We are excited about the future. Our focus has always been, and remains, on the continuing development of a talented and passionate team that seeks to consistently deliver the investment outcomes and partnership that you, our clients, deserve,” managing director, Asia Pacific and Middle East client group, Mark Samuelson, said.
AUTHOR
Oksana Patron
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.
