| Ninety One Ninety One Limited & Ninety One plc | |
| Type: | Dual-listed public company |
| Traded As: | FTSE 250 component |
| Isin: | |
| Location: | London, United Kingdom Cape Town, South Africa |
| Key People: | Gareth Penny, Chairman Hendrik du Toit, CEO |
| Foundation: | Johannesburg |
| Industry: | Financial services |
| Products: | Asset management |
| Revenue: | £627.1 million (2023)[1] |
| Operating Income: | £206.8 million (2023) |
| Net Income: | £163.8 million (2023) |
| Aum: | £129.3 billion (2023) |
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]