Old Mutual Global Investors (OMGI) has announced it will promote Nick Williamson (pictured) to lead manager of the Dublin-based £136.7m Old Mutual UK Smaller Companies Focus fund, with effect from 1 January 2016.
Williamson will retain his Deputy Manager role on the £802.5m Old Mutual UK Smaller Companies fund, on which Dan Nickols will continue as lead manager.
Nickols is currently the lead manager on both funds.
OMGI has always operated a team-based approach on the UK mid and small cap desk, and the decision to promote Nick is aligned with the organisation’s desire to offer career growth opportunities.
Both the funds aim to provide capital growth from investing primarily in an equity portfolio of UK smaller companies. The offshore Old Mutual UK Smaller Companies Focus Fund is slightly more concentrated than the onshore fund, which may result in periods of greater volatility.
By offering both an onshore and offshore fund, clients are allowed greater flexibility to choose the strategy most suitable for their requirements.
Williamson has worked at OMGI since 2008, covering a variety of sectors for the wider UK equities team. He has acted as Deputy Manager on both the onshore and offshore Old Mutual UK Smaller Companies funds since January 2014. Prior to this he was a sell side analyst for more than 10 years, with a broad range of analytical responsibilities, most recently at Citigroup.
Nickols, lead manager of the Old Mutual UK Smaller Companies fund comments: “I have been working with Nick since he joined Old Mutual Global Investors in 2008. He has a great deal of stock market experience across a range of sectors, and I am very pleased that we are able to offer this career development opportunity. This progression is entirely consistent with the team ethos of bringing on internally cultivated talent.”
Williamson comments: “Smaller companies offer a broad investment universe, and I am looking forward to the challenge of continuing to contribute to the wider team’s success in my new role.”