About ninety one
Ninety One is a founder-led global investment manager with £103.4 billion of assets under management (“AUM”), as at 31 March 2020.
It was initially founded as Investec Asset Management, an independent entity within Investec. In March 2020, Investec Asset Management demerged from Investec, rebranded as Ninety One and independently listed on the London and Johannesburg Stock Exchanges (“LSE” and “JSE”).
- Industry: Financial Services
- Country: London, UK and Cape Town, South Africa, with hubs in 12 other locations including New York, Hong Kong and Singapore
- Employees: 1,165
- Revenue: £609.9 million (March, 2020)
- Assets Under Management (AUM): £103.4 billion (2020)
- Website: www.ninetyone.com
Challenge
Ninety One is an independent, active global asset manager dedicated to delivering compelling outcomes for its clients. Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market. In 2020, almost three decades of organic growth later, the firm demerged from Investec Group and became Ninety One.
The demerger from Investec was to be pursued as fast as possible and was to be completed within nine months. This timeframe would allow for the delivery of a complex transformation programme which would include the implementation of a new technology platform capable of delivering significant levels of efficiency that would put Ninety One in a strong position to thrive as a separate entity.
The company embarked on a journey to find an agile partner capable of delivering such a fast-track global solution. They found this in Oracle’s award-winning key implementation partner, Namos Solutions.
“In my experience of working closely with Namos over the last 2 years, is that they are very agile and willing to understand your circumstances and what you are trying to do, and guide you as to how best to achieve your goals based on their experience. They make the effort of getting to know the people and the environment and they really do care!”
Angela Ferguson, Business Manager, Ninety One
Solution at a glance
- Oracle ERP Cloud
- Oracle EPM Cloud (Oracle Enterprise Planning and Budgeting Cloud Service – ePBCS)
- FXLoader Cloud Service is designed to automate the load of FX rates into Oracle Cloud Applications, for converting foreign currency transactions
In Conversation with Angela Ferguson, Finance Manager, Ninety One
This is a conversation about Ninety One’s issues and challenges in the wake of a demerger. It’s also about how Angela was instrumental in not only launching and guiding this highly complex transformation project to great success, but also in pushing fast-paced innovation in the face of user resistance.
The fact that the company could grow over the past year, demerge, list and rebrand on schedule whilst coping with the COVID-19 imperative to allow people to work from home without a major incident, tells the story of a robust, experienced, well-invested and well-run operations platform.
Oracle Case study
The investment firm implements Oracle Cloud ERP and EPM to gain better visibility, operate more efficiently, and quickly adapt to an evolving market.
Read Oracle’s recent case study with Ninety One here.
