Nick Williamson named as Lead Manager for Old Mutual UK Smaller Companies Focus Fund
Old Mutual Global Investors (“OMGI”) has announced today it will promote Nick Williamson to Lead Manager of the Dublin-based £136.7 million¹ Old Mutual UK Smaller Companies Focus Fund, with effect from 1 January 2016.
Nick will retain his Deputy Manager role on the £802.5 million¹ Old Mutual UK Smaller Companies Fund, on which Dan Nickols will continue as Lead Manager. Dan 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.
Nick 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.
Dan 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.”
Nick 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.”
Notes to editors
Amelie Shepherd, 020 7332 8345
Vee Montebello, 020 7332 7687
Old Mutual Global Investors:
Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of £22.4 billion². The team consists of 230 industry professionals, including a team of 59 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 the leading wealth management business in the UK and internationally, helping people secure their financial future.
It has an adviser and customer offering spanning:
• Financial advice via the Intrinsic network
• 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 oversees £101 billion² in customer investments.
Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £319 billion of funds under management from core operations.
This press release is for journalists only and should not be relied upon by financial advisers or customers.
¹ As at 30 September 2015
² As at 30 June 2015