OMGI hires head of Fixed Income Absolute Return

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Old Mutual Global Investors (OMGI) has hired Russ Oxley as head of Fixed Income Absolute Return.

Reporting to Julian Ide, CEO, Oxley will manage a team which consists of Huw Davies, Joshua Heming, Adam Purzitsky, Paul Shanta and Jin Wong.

A core focus will be preparing for the autumn 2015 launch and future management of a new suite of Absolute Return Government Bond products (subject to regulatory approval).

Old Mutual Global Investors will also open an office in Edinburgh to continue the team’s existing dual location arrangement.

Russ Oxley commented: “I am delighted to join a business that offers an opportunity to deliver innovative and creative products.  I am also excited to re-connect with my team.  Together, we have an exciting future ahead of us as we execute our ambitious plans and launch a series of products that we believe will meet the needs of our global client base in absolute return and Liability Driven Investment (LDI).”

Julian Ide, CEO of Old Mutual Global Investors, added: “This is a very exciting development for Old Mutual Global Investors.  Russ and his team are an excellent strategic and cultural fit and an exciting and dynamic addition to the business. The team has generated strong alpha, which has resulted in strong asset growth. In addition to over £4bn assets in the Ignis Absolute Return Government Bond fund, the team managed substantial assets in a combination of LDI and other rates mandates.

“The synergies of both of our fixed income teams working together will be powerful.  The enhanced fixed income team structure now provides opportunities for us to harness the wealth of experience that currently exists in this combined team.  This appointment also signifies ambitious plans to expand our share of the absolute return market and develop LDI solutions for our client base.”

Old Mutual Global Investors remains focused on developing an investment-centric business model centred upon delivering positive outcomes for its global client base. The business now has strength and depth across all of its investment teams and a global platform to support customers in key parts of the world.

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