Ashmore Group

Ashmore Group plc (LSE: ASHM) is a large British investment manager dedicated to the emerging markets. The chairman is David Bennett and the chief executive is Mark Coombs.[2] It is headquartered in London.[3]

Ashmore Group plc
TypePublic
LSE: ASHM
FTSE 250 Component
OTC Pink: AJMPF
IndustryAsset management
Founded1992 (1992)
Headquarters
London
,
United Kingdom
Key people
  • David Bennett (non-executive chairman)
  • Mark Coombs (CEO)
Revenue GB£338.0 million (2020)[1]
GB£209.7 million (2020)[1]
GB£184.7 million (2020)[1]
AUM US$83.6 billion (2020)[1]
Total assets US$1,047.6 million (2020)[1]
Total equity GB£879.0 million (2020)[1]
Number of employees
306 (2020)[1]
Websitewww.ashmoregroup.com

History

The business, which was established by the Australia and New Zealand Banking Group ('ANZ') to manage the ANZ Emerging Markets Liquid Investment Portfolio in 1992, was bought out from ANZ by its management team in 1999.[4] It was the subject of an Initial public offering on the London Stock Exchange in 2006[5] and it acquired the Virginia-based firm, Emerging Markets Management L.L.C., in 2011.[6]

Operations

The company, which specialises in emerging market investments, had $83.6 billion under management as at 31 December 2020.[1]

References
  1. "Annual Report 2020" (PDF). Ashmore Group. Retrieved February 27, 2021.
  2. "Ashmore's funds hit by last year's emerging markets rout". The Telegraph. January 13, 2015. Retrieved January 7, 2016.
  3. "Ashmore Group". City AM. Retrieved September 29, 2017.
  4. "U.K's Ashmore Group Aims to Deepen Emerging Markets Presence". Institutional Investor. Retrieved May 14, 2015.
  5. "Dilemma for Ashmore over £500m IPO". Financial News. June 5, 2006. Retrieved February 27, 2021.
  6. "Ashmore buys 'Mr Emerging Markets' in US expansion". Financial News. October 13, 2011. Retrieved February 27, 2021.


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