Old Mutual Global Investors receives Swiss authorisation
Old Mutual Global Investors (Schweiz) GmbH (“OMGI Switzerland”) has now been authorised by the Swiss Financial Market Supervisory Authority (FINMA) as a fund distributor in Switzerland.
Old Mutual Global Investors (“OMGI”) opened its Zurich based operations in June 2015, following the appointment of Dominik Issler as Head of DACH Distribution, covering Germany, Austria and Switzerland. The acquisition of the FINMA authorisation means that OMGI Switzerland is now able to distribute Old Mutual Global Investors’ investment funds in Switzerland.
OMGI has gradually built up its presence in Europe since its launch in London in 2012 and now manages £2.17bn¹ billion in client assets in the region. The Zurich office is OMGI’s first in Europe and means it is well equipped to service the major global financial institutions, wealth managers, private banks, family offices and pension funds in the DACH areas.
Dominik Issler comments: “Receiving the Swiss Financial Market Supervisory Authority authorisation is an exciting development for Old Mutual Global Investors. We have been able to grow our European distribution successfully and are very grateful by the positive response from clients, particularly in Switzerland. Now that we have received Swiss regulatory approval, we will be able to enhance our offering and address the professional needs of our Swiss clients.”
Old Mutual Global Investors aspires to be a leading, modern asset management business focused on the needs of investors. Significant progress has been made to further the goal of being a leading player in the UK retail market and its chosen international markets.
As well as attracting top investment talent over the last two years, including Russ Oxley and the Rates and LDI team and Josh Crabb and the Asian Equities Team (including Diamond Lee), OMGI has made significant progress towards building its global footprint, including:
- Hired Allan MacLeod as Head of International Distribution and to lead the GFI strategy to better serve Global Financial Institutions around the world, particularly across Europe, Asia and Latam.
- Established Edinburgh office for the Rates and LDI team (our Absolute Return Fixed Income team).
- Completed the build-out of the Asian Distribution Team, under the leadership of Carol Wong, including a distribution team of eight in Hong Kong and a strong relationship with Capital Gateway, a Master Agent in Taiwan
- Signed an agreement with AIVA in Latin America, which now include four Americas sales personnel covering the region, three of which are responsible for Latin America
Warren Tonkinson, Managing Director at Old Mutual Global Investors comments:
“We have been taking considerable steps to ensure that we grow our international distribution and meet our goal of being a leading player in our chosen international markets. The confirmation of our FINMA authorisation is very exciting and will help build on the momentum that we have already achieved in Europe.”
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 £22.2 billion¹. 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 £98.7 billion¹ 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