Investec Asset Management (IAM) has unveiled its new name and branding as Ninety One, which will be rolled out following completion of the firm’s demerger from Investec Group. The demerger process is on track to take place in the first quarter of 2020, subject to shareholder approval.

In September 2018, following a strategic review, the boards of Investec PLC and Investec Limited – collectively Investec Group – announced that IAM would become a separately listed entity. This decision ensured IAM would be a focused, independent asset manager, a position appreciated and valued by investment management markets, an announcement stated.

Last August the group confirmed that the demerger and independent listing of IAM had received all key regulatory approvals.

The leadership structure for IAM post listing has also been confirmed. The current leadership remains unchanged prior to listing. Hendrik du Toit will return as chief executive officer and John Green and Domenico Ferrini will assume deputy CEO roles.

Board appointments will be confirmed in the group’s Shareholder Circular, however, due to be released shortly after the group’s interim results presentation tomorrow (21 November). The board will include an independent, non-executive chair and other non-executive directors, including a senior independent director. 

Du Toit believes the new identity reflects the heritage of the firm. ”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. It taught us to be bold, resilient and agile; to believe that active investing can be a force for good.”

Investec Asset Management began as a start-up asset manager in South Africa in 1991. Today it manages more than $151bn (€136bn) for institutional and advisor clients globally, including some of the largest and most sophisticated asset owners.