Mark Coombs Explained

Mark Coombs
Birth Name:Mark Langhorn Coombs
Occupation:CEO, Ashmore Group
Education:Dulwich College
Alma Mater:St John's College, Cambridge
Nationality:British
Spouse:Rebecca Coombs

Mark Langhorn Coombs (born April 1960) is a British billionaire businessman, CEO of the Ashmore Group.

Early life

Mark Langhorn Coombs was born in April 1960,[1] and was educated at Dulwich College and St John's College, Cambridge with a degree in law.[2] [3]

Career

Coombs' first career job was in 1983 in the Latin American department at Grindlays Bank, which was later acquired by the Australia and New Zealand Banking Group.[2] In 1998, he started Ashmore as a new division of the company. In 1999, Coombs led a management buyout, and took Ashmore public in 2006. He later bought the money manager Emerging Market Management.[3] In 2007, he held 42.5% of the Ashmore Group.[2]

In 2019, Coombs disposed of 10 million shares in Ashmore Group, which earned him £43.5 million.[4]

According to the Sunday Times Rich List in 2020, Coombs is worth £1.42 billion, a decrease of £88 million from 2019.[5]

Personal life

He lives with his wife Rebecca[6] in Wimbledon, London.[3]

Notes and References

  1. Web site: Ashmore Group plc. Companies House. 10 August 2015.
  2. News: Burgess. Kate. Ashmore's reluctant debutante. 31 December 2014. FT. 27 February 2007.
  3. Web site: Mark Coombs. Forbes. 31 December 2014.
  4. Web site: Janiaud. Alex. 2020-06-25. Ashmore CEO banks £43.5m in share sale. 2020-08-25. www.investorschronicle.co.uk. en.
  5. News: Times. The Sunday. Rich List 2020: profiles 51-100, featuring Bernie Ecclestone. . en. 2020-07-17. 0140-0460.
  6. News: Low profile city financier to join dollar billionaire club. 31 December 2014. ES. 15 September 2006.