Old Mutual Global Investors has appointed Joshua Crabb head of Asian Equities.
Crabb will start at Old Mutual Global Investors (UK) Limited in London and expects to return to Hong Kong to work for Old Mutual Global Investors (Asia Pacific) Limited when required regulatory approvals have been received.
OMGI also said that he will be supported by a new team of two dedicated analysts, Kris Whitlock and Dmitry Lapidus, who will both join the business on 22 September 2014.
OMGI said it is building a strong UK presence to achieve a top five position in the market.
Its strategy is also to expand into selected markets to support its global client base, through asset management and distribution capabilities based in chosen international markets. This follows the hiring of Carol Wong and her team based in Hong Kong.
Reporting to Julian Ide, CEO of Old Mutual Global Investors, Crabb will lead the development of the Asian equities product range. With effect from 15 October 2014, the team will manage two funds, the $270m Old Mutual Pacific Equity Fund and the $40m Old Mutual Asian Equity Fund, sub-funds of the Dublin domiciled Old Mutual Global Investors Series plc umbrella fund. These products will be core to Old Mutual Global Investors’ UK and offshore client base.
Julian Ide, CEO of Old Mutual Global Investors, comments: “I am delighted that Joshua, Dmitry and Kris have agreed to join us. I believe these to be terrific appointments. Hiring such a high profile, high performing alpha manager clearly demonstrates Old Mutual Global Investors is an attractive destination for top talent.
“Joshua is a successful, articulate, ambitious and highly intelligent investment professional, someone that I consider to be today’s and tomorrow’s generation of powerful fund management professionals. He will strongly support our strategy of focusing on Global Financial Institutions, supported by our Latin America, Europe and Asian distribution teams.”
Julian Ide concluded: “I think that this news will be very exciting for our clients. We are designed for a changing world, allowing each fund manager to invest decisively with no house style. I believe that this gives our fund managers the freedom they need to perform, to seize opportunities in a changing global economy and do what they do best – deliver better investment solutions.”