Old Mutual Global Investors is pleased to announce the appointment of John Peta as head of Emerging Market Debt. John joined the business on 2 March 2015 and reports to Christine Johnson, head of Fixed Income.
Old Mutual Global Investors believes that Peta brings a wealth of industry knowledge and experience to the business. He previously worked at Threadneedle Asset Management, London where he was fund manager, head of Emerging Market Debt since 2012.
Peta started his career in Fixed Income in 1987 at Merrill Lynch, Seattle, before joining Chancellor LGT Asset Management, San Francisco in 1994. He began specialising in managing dedicated emerging market (external and local) debt assets when he joined Standish Mellon Asset Management, Boston in 1997, moving to Acadian Asset Management, Boston in 2007 to assist in the launch of an emerging market local currency debt product.
He will initially manage the $150m (€136.8m) Old Mutual Local Currency Emerging Market Debt Fund with effect from 20 April 2015. The business will review the manager of the $250m (€228m) Old Mutual Emerging Market Debt fund and may announce any recommended change at a later date.
Both funds are sub-funds of the Dublin domiciled Old Mutual Global Investors Series plc and are currently sub-advised by Stone Harbor Investment Partners LP.
Christine Johnson, head of Fixed Income, comments: “We are delighted that John has joined us as his wealth of fixed income and emerging market debt knowledge will greatly enhance our investment capabilities.
“We believe that our clients will also benefit from John’s investment skills. Whilst we are looking forward to working with John, we would like to take this opportunity to thank Stone Harbor for their support in managing the Old Mutual Local Currency Emerging Market Debt Fund and for continuing to work with us on our hard currency fund, the Old Mutual Emerging Market Debt fund.”
Old Mutual Global Investors aspires to be a leading, modern asset management business focused on the needs of investors. Significant progress has been made to further the goal of being a top five player in the UK retail market. The business has restructured its global business and now has a strong distribution capability spanning Asia, Europe and Latin America, which currently generates 20% of revenues from outside the UK.
Old Mutual Global Investors is an investment focused business which strives to provide the very best investment talent and performance to clients. The business plans to grow its market share through investing in existing core investment skills and expanding capabilities where they are complementary to the business’s culture and focus.
Julian Ide, CEO of Old Mutual Global Investors, added: “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.
“In addition to enhancing our distribution capability, we have bolstered our Equities team with the appointment Richard Buxton and his team, including Ian Ormiston as European Smaller Companies Fund Manager, launched our Asian Equities capabilities with the appointment of a team of four under the leadership of Josh Crabb and, more recently, announced that Russ Oxley and his team of six will join us during the course of this year to form our Fixed Income Absolute Return team.