Ninety One, the asset management arm of Investec, has confirmed plans to debut on the stock exchanges in London and Johannesburg on 16 March.

On admission to the market, Ninety One expects Investec shareholders to hold approximately 55% of the share capital and Investec Group to retain around 15%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Ninety One employees will have a 20% ownership. New or existing institutional investors will have the remaining 10% ownership.

Commenting on the move, Investec joint CEO and Ninety One founder Hendrik du Toit said: “After 29 years as part of a diversified financial services group, this is an important event in our development. This transaction strengthens our offering to clients as an independent specialist investment manager.

“Combined with our unique ownership structure, this enhances our efforts to attract and retain the very best talent. We believe this will benefit our shareholders.

“The dual-listing structure will acknowledge our South African roots, while the London listing positions us for continued international growth.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last year, Investec announced plans to spin-off its asset management business through a demerger and said that the business will be rebranded as Ninety One.

Ninety One has regional teams in Africa, the UK Asia Pacific, the Americas as well as Europe. The business managed £121bn in assets at the end of September 2019.