Old Mutual Global Investors further strengthens fixed income team


Mark Nash appointed as head of global bonds

Old Mutual Global Investors (OMGI), part of Old Mutual Wealth, has today announced the appointment of Mark Nash as head of global bonds, further boosting OMGI’s fixed income capability.

Mark, who previously worked at Invesco Asset Management  as head of global multi-sector portfolio management, joined the business on Monday 27 June, reporting into Christine Johnson, head of fixed income.

A key part of his role will be to provide the fixed income team with guidance and leadership on developed-market government bonds.  He will be joined by his former colleague Nick Wall, who joins the business on Monday 4 July, as portfolio manager.

The appointment of Mark and Nick brings to fruition the fixed income expansion strategy initiated by Christine Johnson in March 2015 with the hiring of John Peta as head of emerging market debt (EMD) and the promotion of Tim Barker to head of credit in December 2015.

Mark and Nick’s addition to the team means the creation of a third area of specialism within the OMGI fixed income capability.  This reinforces the company’s fixed income philosophy, that due to the growing interconnectedness of markets, having specialists who work closely with one another in each of the major areas of fixed-income (credit, EMD and government bonds), is crucial to adding value for clients.

From 1 August 2016, subject to regulatory approval, Mark will become the lead manager of the Old Mutual Global Strategic Bond Fund (the “fund”), taking over from Christine Johnson and John Peta.  Mark has a fantastic track record of managing global bond funds and OMGI believes clients will benefit from his wealth of experience. 

The strategy and objective of the fund remain the same, with a focus on generating consistent returns for clients. Mark will use his extensive experience to demonstrate the value of the fund’s investment process as markets become increasingly complex and the relationship between the fund’s performance and its three sources of returns: credit; developed-market rates; and EMD.

Christine Johnson comments:

“Mark’s appointment further strengthens our team approach that recognises just how interconnected markets have become. Economic linkages have arisen between the developed and emerging markets, the actions of central banks have profoundly affected the credit markets, and as a result, the return profiles of different fixed income assets have shifted markedly. Embracing these changes and appreciating how they influence the investment process is at the heart of delivering long-term value for clients.

“Mark and Nick bring with them a vast amount of knowledge and experience and are extremely well thought of in the industry. Through their management of the Old Mutual Global Strategic Bond Fund they will aim to deliver consistent returns for clients by rotating between the different fixed income assets.”

Mark Nash comments:

“Old Mutual Global Investors is an exciting business, with a refreshing approach to fixed income investing. I look forward to working with the talented team and adding value for clients by finding the best investment opportunities from across the fixed income universe.”

Richard Buxton, CEO, OMGI adds:

“Mark is a highly respected fixed income investor, with an outstanding track record of managing global bond funds. Clients are set to benefit from his proven approach and the ethos of connectivity adopted across the fixed income team. OMGI continues to be seen as a destination for top industry talent and Mark fits in perfectly with our unique and special culture.”

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Notes to editors

Biographies:

Mark Nash

Mark joined Old Mutual Global Investors as head of global bonds and lead manager of the Old Mutual Global Strategic Bond Fund in June 2016. He previously worked at Invesco Asset Management since 2001, most recently as head of global multi-sector portfolio management and head of European fixed income strategy. Prior to that he held a number of roles at Invesco including, head of global macro alpha sources and senior fund manager. Mark is a CFA charterholder and has a chemistry degree from the University of Nottingham.

Nick Wall

Nick joins Old Mutual Global Investors as portfolio manager in July 2016. Prior to joining the business Nick worked as a fund manager in the global macro team at Invesco Asset Management, since 2006. He is a CFA charterholder and has an economics degree from the University of York.

Old Mutual Global Investors:

Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of £26 billion (as at 31 March 2016).  The team consists of 258 industry professionals, including a team of 64 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 products and services delivered by Old Mutual Wealth in the UK 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 £107.1 billion in customer investments (as at 31 March 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 18.9 million customers across the world and has a total of £327.9 billion assets under management (as at 31 December 2015).

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.