Old Mutual Global Investors continues with Asian distribution expansion
Appointment of Richard Mo as head of China business
Old Mutual Global Investors (“OMGI”), part of Old Mutual Wealth, today announces the hire of Richard Mo to the newly created position of head of China business.
Based in OMGI’s Hong Kong office, Richard joined on 15 August, reporting to Carol Wong, managing director, Asia Pacific. In his role at OMGI, Richard will develop relationships with regulators, global financial institutions and distributors in the region.
Richard joins from a 16 year career at JP Morgan Asset Management, during which time he has held a number of positions in a distribution capacity, as well as building client relationships across Taiwan, Hong Kong and China. His last role, as head of China retail business, saw him responsible for wealth management and client development in retail markets in China, dealing with both Chinese and foreign banks. He was a member of the JP Morgan Asset Management China executive committee.
This appointment comes just a few weeks after the announcement of Gerard Clancy as head of sales, South East Asia.
Carol Wong commented on this appointment:
“I am thrilled that we are able to add yet more talent to our growing team and that we are expanding our Asia reach with great zeal. The deregulation of capital control by the Chinese government has begun to open routes in China; this is a significant opportunity for us to work with professional investors in the world’s second largest economy.
“Richard’s appointment reflects our ongoing desire to expand into markets where we believe we can offer a varied range of investment solutions that meet the demands of an increasingly sophisticated client base. Richard has significant experience developing client relationships in China and I look forward to working with him.”
Richard Mo added:
“Having read about OMGI in recent times, I am confident I am joining a company that matches my career aspirations. It’s aim is to offer customers real choice with strong investment performance and focused investment solutions. I’m excited to be working with Carol and the team to grow the business’s relationship with Chinese institutions, utilising the experience I have gained from my long career in this industry.”
Amelie Shepherd | 020 7332 8345
Notes to 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 £27 billion (as at 30 June 2016). The team consists of 273 industry professionals, including a team of 69 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 to create prosperity for the generations of today and tomorrow.
It has an adviser and customer offering spanning:
- Financial advice delivered by the Intrinsic network in the UK and AAM Advisory in Singapore
- Platform based wealth management and protection products delivered by Old Mutual Wealth in the UK & Italy and Old Mutual International globally
- Asset management solutions delivered by Old Mutual Global Investors
- Discretionary investment management delivered by Quilter Cheviot.
Old Mutual Wealth oversees £111.2 billion in customer investments (as at 30 June 2016).
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 19.4 million customers across the world and has a total of £342.7 billion assets under management (as at 30 June 2016).
This press release is for journalists only and should not be relied upon by financial advisers or customers. Investments may fall or rise in value and investors may not get back what they put in.