Staff Writer

Ninety One, the asset manager born out of the rebranding of Investec Asset Management Namibia has appointed Eino Emvula to the position of Managing Director for Namibia & Africa, excluding South Africa effective 1 February 2021.

Emvula who replaces James Hatuikulipi, who headed the business under its former name, will join Ninety One from Namibia Asset Management (NAM), where he was Chief Executive Officer.

According to the company , over the past decade, Emvula has been instrumental in growing Namibia Stock Exchange listed NAM into the second largest third-party asset manager in Namibia after Ninety One.

“I am excited to be joining Ninety One at such a critical time in the development of its brand and its business on the African continent. The opportunity to join a globally integrated business was one I could not let pass, and I look forward to contributing my experience and ideas as part of this dynamic organization,” Emvula said.

Thabo Khojane, Managing Director of Ninety One, said “We take great pride in our African heritage, and with that, our role as a partner to asset owners across the continent. Eino will lead our efforts not just in Namibia, but also across Botswana, Angola and Nigeria. He has the qualifications, passion and vision to take our African business into the future.”

Emvula holds a Master’s Degree in Financial Management from the University of Cape Town, a Post Graduate Diploma in Financial Planning from the University of the Free SNinety One, the asset manager born out of the rebranding of Investec Asset Management Namibia has appointed Eino Emvula to the position of Managing Director for Namibia & Africa, excluding South Africa effective 1 February 2021.tate, a Postgraduate Certificate in Investment Analysis and Portfolio Management from the University of South Africa and a Bachelor Degree of Commerce from the University of Namibia.

Gwyneth Rukoro will continue to lead Ninety One in Namibia as Acting Managing Director.

Hatuikulipi and Ricardo Gustavo – who served as Managing Director and Client Director of Investec, respectively, resigned from the company after being implicated in the Fishrot scandal and are still in police custody over their alleged involvement in the corruption case.

Ninety One is an independent, active global asset manager managing more than N$2.54 trillion) in assets (as at 30 June 2020)