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
BlackRock, in collaboration with iCapital and GeoWealth, has unveiled a model portfolio that delivers access to both private and public market assets in a single account, following adviser demand.
Magellan has confirmed the new leadership of its active infrastructure ETF once head of investment, Gerald Stack, exits in July.
Vanguard has indicated it is actively trying to meet the demand for international ETFs with its next ETF launches sitting in this space.
Dubious marketing strategies involving financial advisers are among reasons that research house SQM Research has put the private credit space on alert.
