Ashmore Group
London-listed investment manager focused on emerging markets, with US$54.0 billion of assets under management at 30 June 2026 and a Riyadh-based Saudi arm that is building a K-12 education platform.
Industry: Emerging markets investment management | Location: London, United Kingdom | Founded: 1992
About Ashmore Group
Ashmore Group plc is a London-based investment manager that specialises in emerging markets. As of 30 June 2026 it managed US$54.0 billion of assets through pooled funds, segregated accounts and structured products. Its FY2026 results state that the group has 13 offices worldwide, and its London head office moved to 16 Palace Street in April 2026.
Ashmore began in 1992 within the Australia and New Zealand Banking Group and became independent in 1999. Wikipedia reports that it listed on the London Stock Exchange in 2006 under the ticker ASHM. Mark Coombs, who founded the business that became Ashmore, is chief executive. Clive Adamson has been non-executive chair since April 2022, and Tom Shippey has been group finance director since 2013. The FY2026 report gives average headcount as 278.
In Saudi Arabia, Ashmore operates through Ashmore Investment Saudi Arabia, a Riyadh-based capital market institution established in 2014 and licensed by the Capital Market Authority. Its Education Investment Fund bought Al Nobala Schools in Riyadh in July 2025. In April 2026 the fund completed a second acquisition, Project Oasis, which added Matrix International Schools and Wahat Al Alson School in eastern Riyadh. The fund aims to bring five or more school operators onto one platform and to pursue a Tadawul listing before the end of its life, subject to market conditions and approvals. Enterprise reported in August 2026 that a third deal, Project Grow, was pending. Ashmore's Saudi assets under management fell to US$1.0 billion from US$1.5 billion in FY2026.
Elsewhere, Ashmore and the EBRD announced a partnership on a US$500 million emerging markets private debt strategy in April 2026, and in June 2026 it received regulatory approval in Mexico.
For the year ended 30 June 2026, Ashmore reported net revenue of £140.5 million, down from £144.1 million, and profit before tax of £126.9 million, up 17% from £108.6 million. Profit after tax was £107.3 million, helped by seed capital gains of £82.5 million. Net inflows were US$2.7 billion. The board proposed a final dividend of 12.1 pence, bringing the total for the year to 16.9 pence.
Leadership
- Mark Coombs, Chief Executive Officer
- Tom Shippey, Group Finance Director
- Jennifer Bingham, Senior Independent Director
- Thuy Dam, Non-executive Director
- Ahmed Al-Mohaisen, Chief Executive Officer, Managing Director and Board Director, Ashmore Investment Saudi Arabia