Mark Langhorn Coombs (born April 1960) is a British billionaire businessman, CEO of the

Ashmore Group Ashmore Group plc is a large British investment manager dedicated to the emerging markets. Headquartered in London, it is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History The business, which was establish ...

Early life

Mark Langhorn Coombs was born in April 1960, and was educated at

Dulwich College Dulwich College is a 2-18 private, day and boarding school for boys in Dulwich, London, England. As a public school, it began as the College of God's Gift, founded in 1619 by Elizabethan actor Edward Alleyn, with the original purpose of ...

and

St John's College, Cambridge St John's College, formally the College of St John the Evangelist in the University of Cambridge, is a Colleges of the University of Cambridge, constituent college of the University of Cambridge, founded by the House of Tudor, Tudor matriarch L ...

with a degree in law.

Career

Coombs' first career job was in 1983 in the Latin American department at

Grindlays Bank The historic overseas bank was established in London in 1828 as Leslie & Grindlay, agents and bankers to the British Army and business community in India. Banking operations expanded to include the Indian subcontinent, the Middle East and eleme ...

, which was later acquired by the

Australia and New Zealand Banking Group The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational corporation, multinational banking and financial services company headquartered in Melbourne, Victoria (state), Victoria, Australia. It is Austr ...

. In 1998, he started Ashmore as a new division of the company. In 1999, Coombs led a management buyout, and took Ashmore public in 2006. He later bought the money manager Emerging Market Management. In 2007, he held 42.5% of the

. In 2019, Coombs disposed of 10 million shares in Ashmore Group, which earned him £43.5 million. According to the ''

Sunday Times Rich List The ''Sunday Times Rich List'' is a list of the 1,000 wealthiest people or families resident in the United Kingdom ranked by net wealth. The list is updated annually in April and has been published as a magazine supplement by British national ...

'' in 2020, Coombs is worth £1.42 billion, a decrease of £88 million from 2019.

Personal life

He lives with his wife Rebecca in Wimbledon, London.

References

{{DEFAULTSORT:Coombs, Mark 1960 births Living people British billionaires British chief executives People educated at Dulwich College Alumni of St John's College, Cambridge Conservative Party (UK) donors