Paul Craig joins Old Mutual Global Investors


Old Mutual Wealth completes acquisition of the Cirilium fund range

Paul Craig joins Old Mutual Global Investors

Old Mutual Wealth has completed the acquisition of a 50% stake in Intrinsic Cirilium Investment Company Limited (‘Cirilium’) from Henderson Global Investors. Old Mutual Wealth now oversees 100% of the £2 billion Cirilium fund range which will be managed by John Ventre’s multi-asset team within Old Mutual Global Investors.

The acquisition of Cirilium is part of Old Mutual Wealth’s strategy to create the leading investment business combining financial advice, platform, investment management and asset management. It follows the earlier acquisition of Intrinsic, the UK’s largest network of financial advisers, where Cirilium is the core investment proposition for Intrinsic’s restricted financial advisers.  

Following the completion of the acquisition Paul Craig has joined Old Mutual Global Investors as Manager of the Cirilium multi-asset fund range. Paul has managed the Cirilium funds since March 2009 and has over 25 years’ experience in the industry. Investors in the range now stand to benefit from access to the substantial resources, experience and expertise at Old Mutual Global Investors.

Paul joins Old Mutual Global Investors’ 12 strong multi-asset team that manages over £8 billion. 

The fund range will now be called Old Mutual Cirilium. It consists of five multi-manager funds and four passive funds, each matched to a different investor risk profile.

Paul Feeney, chief executive of Old Mutual Wealth, comments: 

“Full ownership of Cirilium provides continuity to financial advisers and their clients, whilst at the same time enabling them to benefit from the extensive resources of the multi-asset desk within Old Mutual Global Investors. This is now one of the leading multi-asset teams in the market, providing a wide range of investment solutions across all major platforms and providers.” 

John Ventre, Head of Multi-Asset at Old Mutual Global Investors comments:

“I am really pleased to have Paul join the Old Mutual Global Investors multi-asset team to continue to manage Cirilium. Under Paul’s management, the Cirilium funds have a strong history of delivering for investors. Paul’s skills and long experience are complementary to those of my existing team, meaning we are able to give investors in the Cirilium funds continuity of management while strengthening further the resource available to all of Old Mutual Global Investors’ multi-asset funds. This will allow Cirilium and our other market leading multi-asset solutions to continue to deliver the outcomes our investors expect.”

As a result of the acquisition the names of the funds within the Old Mutual Cirilium range will change as follows:

 

Previous name

New name

Fund

Cirilium Conservative Fund

Old Mutual Cirilium Conservative Fund

Cirilium Balanced Fund

Old Mutual Cirilium Balanced Fund

Cirilium Moderate Fund

Old Mutual Cirilium Moderate Fund

Cirilium Dynamic Fund

Old Mutual Cirilium Dynamic Fund

Cirilium Strategic Income Fund

Old Mutual Cirilium Strategic Income Fund

Cirilium Conservative Passive Fund

Old Mutual Cirilium Conservative Passive Fund

Cirilium Balanced Passive Fund

Old Mutual Cirilium Balanced Passive Fund

Cirilium Moderate Passive Fund

Old Mutual Cirilium Moderate Passive Fund

Cirilium Dynamic Passive Fund

Old Mutual Cirilium Dynamic Passive Fund 

-ends-

Media Contacts:

Old Mutual Global Investors:

Amelie Shepherd, PR Executive                                                             020 7332 8345

Vee Montebello, Head of PR and Internal Communications                020 7332 7687

Old Mutual Wealth:

Charlie Musson, Head of Corporate Communications                        02380 916 099

Henderson Global Investors:

Fiona Kehily, UK PR Manager                                                                 020 7818 4704 

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 that aims to help people 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 

Important information: Past performance is no guarantee of future results. The value of an investment and the income from it can fall as well as rise and investors may not get back the amount originally invested.

This communication is issued by Old Mutual Global Investors (UK) Limited (trading name Old Mutual Global Investors), which is a member of the Old Mutual Group. 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. OMGI 11/14/0170