In Australia our core focus areas are
In September 2018, following a strategic review, the Boards of Investec plc and Investec Limited announced that Investec Asset Management (IAM) would become a separately listed entity.
IAM will have a new name and brandWe are now pleased to announce that the name IAM has chosen is Ninety One.
The demerger is scheduled to occur in the first quarter of next year and the new name and brand will be adopted at the point of listing.
The name Ninety One recognises the momentous year when the firm began’91 was a year of dramatic change in South Africa, where IAM was founded, and beyond. The name also marks the willingness to embrace change that has since infused the company, which will always remain true its heritage, investment philosophies and unwavering commitment to client care.
By combining our local experience and expertise with the strength of the broader Investec group we're able to deliver a compelling proposition and Out of the Ordinary solutions.
"We have a local focus with access to the global network."
Milton Samios, Investec Country Head
Investec operates through a dual branch and non-branch structure in Australia. Its go-forward lending and financial markets activities are conducted through Investec Bank plc, Australia Branch (ARBN629 184 710) (the Branch), and its other activities (corporate advisory, equity investments and funds management) are conducted through Investec Australia Limited (ABN 77 140 381 184, AFSL number 342737) (IAL) and its other related entities (together the IAL Entities). Investec Bank plc (IBP) is authorised in the United Kingdom by the Prudential Regulation Authority of the UK (PRA) and is regulated by the PRA and the Financial Conduct Authority of the UK (FCA). The Branch is authorised and regulated in Australia by the Australian Prudential Regulation Authority. IBP holds an Australian financial services licence (number 515853) issued by the Australian Securities and Investments Commission covering the financial services it provides to wholesale clients in Australia. The Branch does not currently take deposits in Australia under the Banking Act 1959 (Cth). The IAL Entities (excluding the Branch) are not authorised deposit-taking institutions for the purposes of the Banking Act 1959 (Cth), and their obligations do not represent deposits or other liabilities of IBP, including the Branch. IBP (including the Branch) does not guarantee or otherwise provide any assurance in respect of the obligations of the IAL Entities.