Diamond Lee joins as Portfolio Manager


LONDON AND HONG KONG

26 November 2014

Old Mutual Global Investors expands Asian Equities team 

Diamond Lee joins as Portfolio Manager 

Old Mutual Global Investors announces that Diamond Lee has joined Old Mutual Global Investors Asian Equities team as Portfolio Manager, reporting into Josh Crabb, Head of Asian Equities.

Diamond 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.

Diamond, who joins Old Mutual Global Investors from Ignis Asset Management where he managed several of their top performing Asian Equity funds, will be responsible for supporting the Asian Equities team in selecting Chinese stocks.

Josh Crabb comments: “Diamond is an incredibly talented portfolio manager with an excellent track record. He is a leading specialist in Chinese equities and his knowledge will help to diversify the skill set within our team. I look forward to working with Diamond to develop our funds and establish Old Mutual Global Investors as a leading asset manager in Asia and beyond.  Diamond’s appointment clearly demonstrates Old Mutual Global Investors’ on-going commitment to the region.”

Old Mutual Global Investors announced the appointment of Josh Crabb and the Asian Equities team in September this year. The business is building a strong UK presence to achieve a top 5 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.   Josh and his team are tasked with leading the development of products and strategies that will assist Old Mutual Global Investors Asia Pacific growth strategy.

The Team currently manages the Old Mutual Pacific Equity fund and the Old Mutual Asian Equity fund, sub-funds of the Dublin domiciled Old Mutual Global Investors Series plc umbrella funds.

Diamond Lee biographical details:

Diamond has over 20 years’ experience in the industry and has an excellent performance track record. Most recently Diamond worked at Ignis Asset Management for 18 years as an Asian Equities Portfolio Manager. At Ignis Diamond was responsible for stock selection in China across all Asia Pacific and Emerging Markets portfolios and managed the top performing Ignis Pacific Growth Fund and Ignis China Fund.

Diamond started his investments career at Scottish Amicable Investment Managers in July 1994 as an Investment Analyst, before moving into fund management in December 1994. Prior to that he worked at KPMG as an Assistant Manager, where he trained as a Chartered Accountant. He is fluent in both Cantonese and English.

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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 £17.4 billion*.  The team consists of 203 industry professionals, including a team of 52 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. It aims to help people who want to make a positive change for themselves, those close to them or the society they live in by helping them 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 Skandia International globally
  • Asset management solutions via Old Mutual Global Investors 

Old Mutual Wealth currently oversees £82.2* 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 £308 billion* assets under management.

*as at 30 September 2014

Please remember that past performance is not a guide to future performance.  Investment involves risks.  The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested.  Exchange rate changes may cause the value of overseas investments to rise or fall. 

Issued by Old Mutual Global Investors (UK) Limited (trading name, Old Mutual Global Investors), a member of the Old Mutual Group, outside Hong Kong. Old Mutual Global Investors is registered in England and Wales under number 02949554 and its registered office is 2 Lambeth Hill London EC4P 4WR. Old Mutual Global Investors is authorised and regulated by the UK Financial Conduct Authority (“FCA”) with FCA register number 171847 and is owned by Old Mutual Plc, a public limited company limited by shares, incorporated in England and Wales under registered number 3591559.

This communication is for information purposes only and does not constitute a financial promotion (as defined in the Financial Services and Markets Act 2000) or other financial, professional or investment advice in any way.  This communication has not been reviewed by the Securities and Futures Commission in Hong Kong.  You are advised to exercise caution in relation to the offer.  If you are in doubt about any of the contents of this document you should obtain independent professional advice. 

Nothing in this document constitutes a recommendation suitable or appropriate to a recipient’s individual circumstances or otherwise constitutes a personal recommendation. It is distributed solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the document.

Any opinions expressed in this document are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or groups of Old Mutual Global Investors as a result of using different assumptions and criteria. Our asset allocation overlay is applied to some, but not all; Old Mutual Global Investors’ funds and is subject to interpretation based on specific fund objectives and risk tolerance as well as portfolio manager discretion. Therefore, such opinions are not necessarily reflected in Old Mutual Global Investors funds.  Please read the prospectus of the Old Mutual Global Investors funds for further details including the risk factors.

This communication is for investment professionals only and should not be relied upon by private investors.

In Hong Kong, this material is issued by Old Mutual Global Investors (Asia Pacific) Limited, a member of the Old Mutual Group. Old Mutual Global Investors (Asia Pacific) Limited is licensed to carry out Type 1 and Type 4 regulated activities in Hong Kong.

This communication provides information relating to a funds known as The Old Mutual Asian Equity Fund and the Old Mutual Pacific Equity Fund (the “Funds”), which are sub-funds of Old Mutual Global Investors Series plc. The Old Mutual Asian Equity Fund is not authorised by the Securities and Futures Commission in Hong Kong and is not available to retail investors in Hong Kong.  OMGI 11/14/0151