Investec Asset Management, now known as Ninety One, which operates as an investment firm, completed the demerger from its Anglo-South African parent Investec Group. "The completion of the demerger will mark an important milestone for Investec. It enables us to continue our drive towards simplification, focus and growth. Meanwhile Ninety One embarks on the next phase of its own journey. Investec shareholders will benefit from their direct ownership of these two companies and their individual potential for long-term growth and value creation. Market conditions have proved particularly challenging in the recent two weeks and, while we were encouraged by the strength and quality of investor engagement in relation to the Global Offer, we have decided to retain our shareholding in Ninety One. Importantly, the financial benefits of the demerger remain. Ninety One is an excellent company, with an exceptional management team, and we have great confidence in its prospects as an independently-listed firm," Fani Titi, Investec CEO.