The name and branding change will be rolled out following completion of the firm’s demerger from Investec Group, the asset manager said in a media release. Investec plc, Investec Limited Update on Demerger of Ninety One Further to the announcement of the Price Range made by Ninety One plc and Ninety One Limited (together, 'Ninety One') on 2 March 2020, in light of the recent volatile market conditions, the boards of Investec have decided not to pursue the Global Offer of approximately 10% of the combined total issued share capital of Ninety One. We openly disclose that we and our contributors may have interests in investments and/or providers of services referred to within the website and that we receive remuneration from certain of the companies referred to on this website. Prior to the demerger he was joint chief executive officer of Investec alongside Hendrik du Toit. He is currently the chief executive officer of Investec where he has served as a board member since 2004. All rights reserved. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular stock, share, security, portfolio of securities, transaction, investment strategy, or other matter. Investec plc, Investec Limited and Ninety One expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement or any other forward-looking statements they may make. The management expertise and experience of each board director and the company secretaries are set out in his/her biography below. She joined Ninety One initially as a consultant company secretary in June 2019. Investec Group will keep a 15% holding and 55% of the shares will be issued as ordinary shares to the public. Investing for a world of change. Investec Asset Management unveiled on Tuesday its new name and branding Ninety One, in what it labeled “an important milestone on its journey to independence and a stock exchange listing”. Investments involve risk; losses may be made. A copy of the Registration Document will also be available online at www.investec.com/demerger and www.investecassetmanagement.com/disclosure, in each case, subject to certain access restrictions. A copy of the Registration Document will be submitted to the FCA for approval and will be available for inspection at the offices of Ninety One’s solicitors once approved by the FCA. We focus on where we can make a real difference for our clients – to help them achieve their long-term investment goals. Investec Asset Management unveiled on Tuesday its new name and branding Ninety One, in what it labeled “an important milestone on its journey to independence and a stock exchange listing”.. Ninety One plc is an asset management business. Upon completion of the implementation of the demerger and admission of Ninety One, Kim resigned as a director of Investec plc and Investec Limited to focus on her role as finance director on the boards of Ninety One plc and Ninety One Limited. It changed its name to Ninety One in spring 2020: the new name is in recognition of the brand's heritage - it was in 1991 that the investment firm was started in South Africa. J.P. Morgan Securities plc has been engaged to act as Sole Global Co-ordinator, Joint Bookrunner and UK Sponsor, Merrill Lynch International and Investec Bank plc have been engaged to act as Joint Bookrunners in the event the Global Offer proceeds and J.P. Morgan Equities South Africa Proprietary Limited has been engaged to act as JSE Sponsor. J.P. Morgan Cazenove and Fenchurch Advisory Partners LLP are acting as Financial Advisers to Investec. We are active investors. Paula was appointed as the Ninety One plc company secretary on 29 January 2020. The Ninety One Group has continued the trend of operating profit growth since 30 September 2019, with higher pound sterling AUM at 31 December 2019 and net inflows for the quarter ended 31 December 2019. Investing for a world of change. How investigators FINALLY got enough evidence to…, Zondo unpacks how Myeni, JZ worked together: Nene…, Angry SAs speak: It’s off to jail with you,…, Biden accused of lying about arrests, SA, Mandela…, © 2020 BizNews, Inc. | The Rational Perspective. She has spent the last 12 years working in the financial services sector in both senior permanent and interim company secretary roles. Previously he has served on the boards of Investec Asset Management Holdings Proprietary Limited and Investec Asset Management Limited until May 2019. Further to the announcement by Investec plc (LON: INVP) on 29 November 2019 relating to the proposed demerger and public listing of its global asset management business, Investec today announces Ninety One’s expected intention to undertake an initial public offering and the expected publication of a registration document that has been submitted for approval to the FCA. 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