Old Mutual Global Investors targets further growth in Asia

Simon MacKinnon appointed as Asia Strategy Adviser

Old Mutual Global Investors today announces that Simon MacKinnon OBE has been appointed to the newly created consultancy role of Asia Strategy Adviser, with effect from February 2015.

Reporting to Julian Ide, CEO at Old Mutual Global Investors, Simon will provide strategic advice and support to Old Mutual Global Investors and Old Mutual International, part of Old Mutual Wealth, in respect of their ambitious Asia Pacific expansion plans.   This role will include working closely with Julian and Carol Wong, Managing Director, Head of Distribution Asia, on the operating model needed in the region as well as identifying and supporting the recruitment of future key appointments. He will also assist Old Mutual International in the development of their footprint in the Asia Pacific region.

Old Mutual Global Investors is actively expanding into selected key international markets in order to support its global client base.  Over the last two years, the business has significantly enhanced its capabilities in the Asia Pacific region.   The appointment of Simon follows the creation of a new Asian Equities Team in October 2014 which will be based in Hong Kong during Q2 2015.  This team is headed by Josh Crabb, and also includes specialist China Equities portfolio manager Diamond Lee, who joined the business in November 2014.  In addition, Old Mutual Global Investors recently completed the build-out of the Hong Kong based Asian Distribution Team, under the leadership of Carol, and has a strong relationship with Capital Gateway, a Master Agent in Taiwan.

Simon has a wealth of experience across a variety of businesses in Asia and the UK including leadership and investor roles today in financial services, healthcare, clean-tech and education.  Among other roles, he is currently Chairman of Sinophi Healthcare, Non-Executive Director of London Bridge Capital and Non-Executive Chairman China of Modern Water PLC and Xeros PLC.

Simon also has significant experience establishing businesses, building organisations, M&A and joint ventures in the region including in ports, water treatment, construction management, manufacturing, exhibition centres, rental power and hospitals.  In 2013 Simon was awarded an OBE for “services to advancing British business in China, developing UK/China trade and investment links and charity work”.

Julian Ide, CEO, Old Mutual Global Investors comments:

“At Old Mutual Global Investors we are dedicated to growing our asset management and distribution capabilities in the Asia Pacific region.  Simon’s appointment as Asia Strategy Adviser demonstrates the importance we place on expanding our footprint in this region. He brings a wealth of knowledge and experience in the Asia-Pacific business market including acting as an adviser for many business “firsts”. His dedication and involvement in promoting British business in Asia is exceptional and I am sure that Simon will help us deliver upon our ambitious plans for the region.”

Simon MacKinnon comments:

“I am very much looking forward to working with Old Mutual Global Investors and Old Mutual International to help them expand their Asian footprint.   There is a very big opportunity in the market for high performing British asset management houses that have on-the-ground investment and distribution capabilities. By establishing the optimal organisational model and expansion programme, I believe both parties can succeed and become leading players in their respective markets.”

Simon MacKinnon biographical details:

Simon Mackinnon OBE is a Mandarin speaking senior executive with 30 years of China, Japan and SE Asia experience. He is currently Chairman of Sinophi Healthcare (since 2010) and Your.MD China (since 2012). He is also Non-Executive Director of London Bridge Capital (since 2009) and Non-Executive Chairman of Modern Water China, part of Modern Water PLC (since 2011) and Xeros China, part of Xeros Technology Group PLC (since 2012). He is also an Independent Director of Shanghai-listed Huaxin Cement (since 2014).

Prior to this he was a Venture Partner of SMC Capital China from 2008 to 2014, Non-Executive Chairman of Aggreko China from 2008-2011, China Adviser for Cinven LLB from 2007-2009 and President of Corning China, part of Corning Incorporated from 2000-2008.

From 1985-2000 Simon held senior positions at P&O Group including Chief Representative, P&O Shanghai from 1995-2000.

Simon has also acted on boards for community and not-for-profit organisations in both the UK and Asia, including a current position as Vice Chairman of Governors at Wellington College International Tianjin and Shanghai.

He was awarded the OBE in 2013 for services to advancing British Business in China, developing UK/ China trade and investment links and charity work.  He was also a Beijing Olympic Torch Carrier in 2008 and was awarded Honorary Citizenship of Shanghai in 2007, for contributions to the economic and social development of Shanghai.

Media Contacts:

Amelie Shepherd, PR Executive                                                                  020 7332 8345

Vee Montebello, Head of PR and Internal Communications                    020 7332 7687

Notes for Editors:

Old Mutual Global Investors:

Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of £21 billion*.  The team consists of 214 industry professionals, including a team of 51 investment professionals. As part of Old Mutual Group it has a strong financial parent to support the activation of its business strategy. Old Mutual Global Investors is the asset management division of Old Mutual Wealth. To find out more information please go to:  www.omglobalinvestors.com

Old Mutual Wealth:

Old Mutual Wealth is a leading retail investment business in the UK and internationally that aims to help people secure their financial future.

It has an adviser and customer offering spanning: 

  • Financial advice via the Intrinsic network and independent financial advisers
  • Platform based wealth management products and services via Old Mutual Wealth in the UK and Old Mutual International globally
  • Asset management solutions via Old Mutual Global Investors 
  • Discretionary investment management via Quilter Cheviot

Old Mutual Wealth currently oversees £82.5* billion in customer investments. 

Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 16 million customers across the world and has a total of £319.4 billion* assets under management.

*as at 31 December 2014