Ashmore Group plc is a large British investment manager dedicated to the emerging markets. Established in 1992, the company is a constituent of the FTSE 250 Index. Chief Executive Mark Coombs,thanks to his £1.1bn stake, is now the richest self-made UK financier according to this year’s Sunday Times Rich List.
A British investment banker is set to become the newest member to join the super exclusive dollar billionaire club, it has emerged. Mark Coombs, 46, will become one of the five richest workers in London's Square Mile when his finance company floats on the stock market.
Billionaire fund manager Mark Coombs, founder and chief executive of Ashmore, reckons that the recent turmoil in emerging markets presents strong buying opportunities for investors.
An article (“Hedgie caught up in Philippines scandal”, Business, February 17) wrongly reported that Mark Coombs, chief executive of Ashmore, had been ordered and summoned to appear before an investigating committee of the Philippines Senate, and had failed to co-operate.