Investec Asset Management (Investec AM) is to rename itself Ninety One following the completion of its demerger from Investec Group which is on course to take place in the first quarter of next year.
The new name and brand is designed to reflect the heritage of the firm, which began as a start-up asset manager in South Africa back in 1991, Investec AM said.
According to the firm, changing the name to Ninety One is an “important milestone” on its journey to becoming a separate entity from Investec Group with its own independent stock exchange listing.
Hendrik du Toit, joint chief executive of Investec and founder of Investec AM, said: “Back in 1991 when we started in South Africa, change was coming. Along with its challenges came the chance to invest in a better future. Being part of that change made us who we are.”
He added: “Now we're changing our name, but not who we are.”
Following the demerger from Investec Group, which was announced in September last year, Investec AM will also drop the zebra identity associated with it in order to develop its own brand.
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