IAN ORMISTON JOINS AS EUROPEAN SMALLER COMPANIES FUND MANAGER


Old Mutual Global Investors is delighted to announce that Ian Ormiston has today joined the company in a newly created European Smaller Companies fund manager position.  Reporting to Richard Buxton, Ian will lead the development and launch of a new European Smaller Companies Fund (subject to regulatory approval), details to be confirmed later in Q4 2014.

Ian joins Old Mutual Global Investors’ highly regarded UK and European Equities Team, which includes the specialist European large cap equities capabilities of Kevin Lilley and UK Small and Mid-Cap equity skills of Dan Nickols, Luke Kerr and Richard Watts.  This 16 strong team manages over £4.8 billion* of assets under management for global clients.

Richard Buxton, Head of UK Equities at Old Mutual Global Investors, comments: “I am delighted that Ian has agreed to join us. I believe that his appointment is good news for our clients and for our own team. Ian brings a wealth of industry knowledge having spent over 20 years investing in UK and European markets.  His experience and skills will greatly complement those which we currently have in my team.”

Old Mutual Global Investors has been transformed since its launch two years ago and is now recognised as a modern asset management business, focussed on generating positive customer outcomes, strong sales and sustainable profits for Old Mutual Wealth. Old Mutual Global Investors 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.  

Old Mutual Global Investors is an investment focused business which strives to provide the very best investment talent and performance to clients.  The business plans to grow its market share through investing in existing core investment skills and expanding capabilities where they are complementary to the business’s culture and focus. 

Julian Ide concludes: “I think that Ian’s appointment will be very exciting for our clients.  From the outset, we have retained and attracted the best investment talent offering:  compelling and reputable investment processes and track records; ‘star’ quality; strong cultural fit within the business and incremental distribution benefits.  The appointment of Richard Buxton and his team in June 2013, as well as the recent hiring of Joshua Crabb, Kris Whitlock and Dmitry Lapidus demonstrates our delivery against its ambitious plans.”

IAN ORMISTON BIOGRPAPHICAL DETAILS:

Ian Ormiston is a very experienced, well respected, high profile portfolio manager who has been managing European equities for over 20 years.  Ian joins OMGI from Ignis Asset Management where he has spent seven years working as a European Equities Portfolio Manager.  During his time at Ignis, Ian managed the top performing Ignis European Smaller Companies Fund, delivering strong long term investment performance.  In addition, he managed the Ignis European Growth Funds.  Ian started his investment management career at Asahi Life Investment Europe as an Investment Manager in the UK and European Equity Team in 1994, and became Head of European Equities in 1998.  In 2000, Ian joined Singer & Friedlander Investment Management as a European Investment Manager with specific responsibility for Pan-European institutional mandates and the European element of global, international private client and pension funds.  In 2004, he was appointed Head of the European Equity Team and Lead Manager of the Singer & Friedlander European Growth and the Corluy –Singer Pan-European Large Caps Funds.

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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 billion*.   The team consists of 183 industry professionals, including a team of 48 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 £80.3* 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 £300.5bn* assets under management.

*as at 30 June 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 Services Authority (“FSA”) with FSA 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.

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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.

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OMGI 10/14/0033