Old Mutual Asset Management (OMAM)’s Peter Bain is stepping down from his positions of president, chief executive officer and director he held since 2011, effective 30 June. James Ritchie, chairman of the OMAM board of directors, will serve as executive chairman and interim CEO. The board will look for the company’s new CEO. Commenting on […]
Old Mutual’s OM Asset Management plc has announced the pricing of an underwritten public offering of 13 million of its ordinary shares at a price of $14.25 (€13.65 )per share. The ordinary shares are being offered by Old Mutual plc, through its wholly-owned subsidiary, OM Group (UK) Limited. It is expected to close the deal on 19 […]
Old Mutual Asset Management (OMAM) has reached an agreement to acquire a 60% equity interest in Landmark Partners, a global secondary private equity, real estate and real asset investment firm. The cost of the transaction amounts to around $240m in cash with the potential for an additional payment based on the growth of the business through […]
Ian Heslop, manager of the Old Mutual Global Equity Absolute Return Fund, notes that levels of volatility and correlations among equity markets have risen together. Market neutral strategies offer an alternative, he says.
Italy is a functional economy with problems, rather than a dysfunctional economic problem, says Kevin Lilley, manager of the Old Mutual European Equity fund.
Old Mutual is preparing to cut 30 jobs as it merges Skandia Investment Group and Old Mutual Asset Managers into a single division.
Old Mutual Asset Management, the US-based global asset management business of Old Mutual plc, has named Pascal Vernaeve as head of Benelux sales.
The true extent of bad loans in Spain is only starting to emerge. It is unlikely bondholders will be spared the pain.
Warren Tonkinson has been appointed global head of distribution at Skandia Investment Group and OMAM (UK), following the decision in April by parent company Old Mutual Group to merge the two asset management businesses.
Old Mutual’s Paul Feeney has been handed wider responsibility at the group after being appointed CEO of the wealth management division.
Daniel Nickols, head of UK Mid and Small Caps Desk at Old Mutual Asset Managers, believes that the relatively low level of ongoing M&A activity involving private equity handing over investments to public equity players reflects attractive valuations of publicly listed stock.
Selecting a brand will be one of the key decisions facing the senior management team of the combined Old Mutual Asset Management (OMAM) UK and Skandia Investment Group business announced today.