OLD MUTUAL GLOBAL INVESTORS SIGNIFICANTLY ENHANCES FIXED INCOME TEAM


APPOINTING A FIXED INCOME – ABSOLUTE RETURN TEAM, LED BY RUSS OXLEY

Old Mutual Global Investors is delighted to announce the enhancement of its highly regarded Fixed Income Team through the appointment of a Fixed Income - Absolute Return Team. This newly appointed team consists of: Russ Oxley, who will become Head of Fixed Income - Absolute Return, Huw Davies, Joshua Heming, Adam Purzitsky, Paul Shanta and Jin Wong.  Russ will report to Julian Ide, CEO of Old Mutual Global Investors.

This team will join Old Mutual Global Investors during 2015 and will support the launch and future management of a new suite of fixed income – absolute return products (subject to regulatory approval). Old Mutual Global Investors will also open an office in Edinburgh to continue the existing dual location arrangement that this Team has operated.

Old Mutual Global Investors believes that this team’s proven absolute return investment process will greatly complement those currently available within its existing nine strong Fixed Income Team, which is headed by Christine Johnson.

Julian Ide, CEO of Old Mutual Global Investors, comments: “The appointment of this Fixed Income - Absolute Return Team clearly demonstrates that we are an attractive destination for top investment talent.  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.

“This is a very exciting development for Old Mutual Global Investors.  By adding the investment skills of this new team to our existing highly regarded team, we will have one of the asset management industry’s most powerful fixed income operations.  I look forward to working with all of this invigorated team next year.”

Recognising the importance of fixed income as a global growth market, Old Mutual Global Investors has focused on increasing the size of its team.  In 2013, the business invested significantly to boost its capability in the high yield area.  Deepa Abraham joined the company as a Senior Credit Analyst to work alongside Bastian Wagner and Simon Prior also joined the team as a Credit Analyst.

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.   It is now 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.  

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Media Contacts:

Amelie Shepherd, PR Executive                                                           + 44 20 7 332 8345

Vee Montebello, Head of PR and Internal Communications               + 44 20 7 332 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 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

TEAM AND BIOGRAPHICAL INFORMATION:

The Fixed Income – Absolute Return Team will join Old Mutual Global Investors from Standard Life Investment, having previously worked for Ignis Asset Management. This team is highly regarded as being one of the leading Fixed Income - Absolute Return Teams in the UK investment management industry. This team managed the successful £4.2 billion Ignis Absolute Return Government Bond Fund delivering strong investment returns for clients since it was launched in April 2011.

Russ Oxley, CFA: Russ brings over 17 years of investment management experience to Old Mutual Global Investors.  Prior to joining the business, Russ spent 10 years working at Ignis Asset Management, initially as an UK Government Bonds Investment Manager from 2004 to 2007, then becoming Head of Rates in 2007. In 2011 he became the Lead Manager of the Ignis Absolute Return Government Bond Fund. Prior to joining Ignis, Russ worked as an Assistant Fund Manager covering UK and International Bonds at Swiss Reinsurance from 2001 to 2003, he spent a year at LV Group as a Fixed Income Fund Manager from 2000 to 2001 and was a UK Bonds Trainee Fund Manager at Investec Asset Management from 1997 to 2000.

Huw Davies: Huw brings over 23 years of fixed income investment experience to Old Mutual Global Investors.  He joins from Ignis Asset Management (SLI) which he joined in early 2014 as a Fixed Income Product Specialist.  Prior to joining Ignis, Huw spent the four years between 2010-2014 working at Citi as Director, UK RM Interest Rate Sales and five years at JP Morgan Chase as Executive Director, Head of Gilt Sales from 2005-1010.  Prior to 2005, Huw worked in roles that covered UK and European Bond Sales roles at Royal Bank of Scotland FM, UBS, Greenwich NatWest/Royal Bank of Scotland FM, BZW/Barclays Capital and Sanwa International.

Joshua Heming: Joshua brings 16 years of working in financial services to Old Mutual Global Investors.  He joined the business from Ignis Asset Management where he spent four years between 2010 to 2014 as a Quantitative Portfolio Manager on the Rates Team (this Team ran the Ignis Absolute Return Government Bond Fund.)  In 2010, he spent a year with Royal Bank of Scotland FM as an Electronic Trading Developer and during 2007 to 2008 he worked at Resolution Asset Manager (now Ignis) as a Rates Consultant/Director.  From 2000 to 2007, Joshua worked as an Analyst/Rapid Application Developer in the Fixed Income Team at UBS.  He joined the City in 1998 as an Analyst Developer on Front Office Systems at Cazenove.  Prior to joining Cazenove, he spent four years working as a Systems Developer at QVC.

Adam Purzitsky PhD: Adam brings 10 years of investment management experience to Old Mutual Global Investors.  Prior to joining the company, Adam worked at Ignis Asset Management from 2009 as a Senior Quantitative Portfolio Manager on the Rates Team. In 2011 he became Co-Manager of the Ignis Absolute Return Government Bond Fund. Prior to joining Ignis Adam was Vice President, Quantitative Portfolio Manager at Societe Generale from 2007-2008 and was an Associate in Fixed Income Quantitative Strategies at Lehman Brothers from 2004-2007.

Paul Shanta CFA: Paul brings 6 years of investment management experience to Old Mutual Global Investors. Prior to joining the company Paul worked at Ignis Asset Management, initially as a Portfolio Manager in the Rates Fixed Income Team from 2008-2012, then becoming Co-Manager of the Ignis Absolute Return Government Bond Fund in 2012.

Jin Wong CFA: Jin brings 8 years of investment management experience to Old Mutual Global Investors. Prior to joining the company Jin worked at Ignis Asset Management as a Portfolio Manager in the Rates Fixed Income Team.  Prior to joining Ignis, Jin spent the summer of 2006 working as an intern in the CEO Corporate Office of Allianz General Insurance in Malaysia.  He was an intern in Technology Consulting at Deloitte Consulting in Malaysia during the summer of 2005. 

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.     Old Mutual Global Investors is the trading name of Old Mutual Global Investors (UK) Limited, Old Mutual Fund Managers Limited and Old Mutual Investment Management Limited.  Old Mutual Global Investors (UK) Limited is registered in England & Wales under number 02949554, Old Mutual Fund Managers Limited is registered in England & Wales under number 01825772 and Old Mutual Investment Management Limited is registered in England & Wales under number 4227837. Authorised and regulated by the Financial Conduct Authority with FCA register numbers 171847, 1193240, 208543 respectively, VAT number 386 1301 59. OMGI 10/14/0086.