OMGI hires Ormiston from Ignis
Old Mutual Global Investors has appointed Ian Ormiston (pictured) in a newly created European Smaller Companies fund manager position.
Reporting to Richard Buxton, Ormiston will lead the development and launch of a new European Smaller Companies Fund (subject to regulatory approval), details to be confirmed later in Q4 2014.
Ormiston joins Old Mutual Global Investors’ highly regarded UK and European Equities Team, which includes the specialist European large cap equities capabilities of Kevin Lilley and UK Small and Mid-Cap equity skills of Dan Nickols, Luke Kerr and Richard Watts. The team manages some £4.8bn of global AUM.
He joins from Ignis Asset Management where he has spent seven years working as a European Equities Portfolio Manager. During his time at Ignis, he managed the top performing Ignis European Smaller Companies Fund. In addition, he managed the Ignis European Growth Funds.
Richard Buxton, head of UK Equities at Old Mutual Global Investors, commented: “I am delighted that Ian has agreed to join us. I believe that his appointment is good news for our clients and for our own team. Ian brings a wealth of industry knowledge having spent over 20 years investing in UK and European markets. His experience and skills will greatly complement those which we currently have in my team.”
Julian Ide concluded: “I think that Ian’s appointment will be very exciting for our clients. From the outset, we have retained and attracted the best investment talent offering: compelling and reputable investment processes and track records; ‘star’ quality; strong cultural fit within the business and incremental distribution benefits.”