Ashmore
London-listed emerging-markets asset manager with US$54.0 billion under management at 30 June 2026 and a Saudi Arabian arm that launched education and industry funds.
Industry: Emerging markets investment management | Location: London, United Kingdom | Founded: 1992
About Ashmore
Ashmore Group plc is a London-headquartered investment manager that specialises in emerging markets. Its website lists themes including external debt, local currency, corporate debt, equities and alternatives. Assets under management were US$54.0 billion at 30 June 2026, held across pooled funds, segregated accounts and structured products. It moved its London headquarters to 16 Palace Street in April 2026, and reported 13 offices and an average headcount of 278 for the year to June 2026.
The business was founded in 1992 as part of the Australia and New Zealand Banking Group and became independent in 1999, when management bought it out. According to Wikipedia it floated on the London Stock Exchange in 2006, trades under the symbol ASHM and is a FTSE 250 constituent. Mark Coombs, who founded the firm that became Ashmore and led the buyout, is chief executive officer. Clive Adamson has been non-executive chair since April 2022, and Tom Shippey is group finance director.
In Saudi Arabia, Ashmore's results statement says its team of 18 launched thematic private equity funds in industrials and education, and that assets there fell to US$1.0 billion from US$1.5 billion after US$0.5 billion of net outflows. TechScoop reported on 3 August 2026 that the group operates through a Capital Market Authority-licensed entity founded in 2014 and is targeting SAR 1.4 billion across its education and industry funds. Its first school acquisition was Al Nobala Schools in Riyadh in July 2025, and it plans to list the platform on the Tadawul.
Elsewhere, Japan Post Insurance agreed a strategic partnership in March 2026 and committed an incremental US$1 billion. Assets in Colombia rose 38 percent to US$3.0 billion, and growth in Qatar was paused by conflict in the region.
For the year to 30 June 2026, announced on 7 September 2026, Ashmore reported net revenue of GBP 140.5 million, profit before tax of GBP 126.9 million, up 17 percent, and diluted earnings per share of 15.0 pence. Total dividends were 16.9 pence, net inflows US$2.7 billion, and cash and deposits GBP 364.7 million with no debt.
Leadership
- Mark Coombs, Chief Executive Officer
- Clive Adamson, Non-executive Chair
- Tom Shippey, Group Finance Director
- Jennifer Bingham, Senior Independent Director