OMGI Targets Institutional Sector


Appointing Craig Stevenson as Global Head of Investment Consultant Relationships

Old Mutual Global Investors announces that Craig Stevenson joined the business on 15 July 2015 as Global Head of Investment Consultant Relationships.

This appointment demonstrates Old Mutual Global Investors’ intent to broaden and diversify its client base within the institutional sector by building strong business relationships with Investment Consultants globally.

Craig is joining Old Mutual Global Investors after 8 years at Towers Watson, where he was a Senior Investment Consultant and led Equity Hedge Fund research for them. Prior to joining Towers Watson Craig’s experience included time with bfinance where he was a Senior Associate, and at Standard & Poor’s where he was Associate Director, Pension Services and 6 years at Stamford Associates (1998-2004) where Craig was Principal, Absolute Return Strategies.

Old Mutual Global Investors’ strong culture of excellence, ambition and sustainability has delivered impressive results for our clients. Over 60% of core funds are top quartile and 84% above median over 3 years¹.  

Since launch in 2012, Old Mutual Global Investors has built a successful UK retail business, where it continues to feature in the top 10 of the UK Retail Sales Tables of the Pridham Report, and is also enhancing the global financial institution strategy under the leadership of Allan MacLeod, Head of International Distribution.

Over this time the Alternatives business has been growing substantially, from $860mm at the end of 2012 to $4.79 Billion at the end of June 2015.

Donald Pepper, Head of Institutional and Alternatives, commented:  “The growth in our Alternatives business has included a number of new Institutional Clients. We are delighted that Craig is joining us to increase and deepen our relationships with Investment Consultants for both Alternatives and traditional investment solutions”

By expanding the range of investment capabilities the business has also broadened its product offering.  This includes the recent appointments of John Peta as Head of Emerging Market Debt and the arrival of the Rates and LDI team, headed by Russ Oxley.

Julian Ide, CEO at Old Mutual Global Investors comments: "I believe that this appointment demonstrates we are focused on growing a truly diversified global business.  By continuing to offer top performing investment products, as well as investing in our UK distribution capability, we have built a very successful UK retail business.  The next step is to broaden our reach in the institutional sector, where we are already receiving increased interest for our investment strategies.  Craig is a fantastic hire, one that will definitely help us deliver on this strategy.  His wealth of industry experience, as well as a strong knowledge of global consultants, will be invaluable in helping us expand our market share in this important sector.”

Craig Stevenson adds: “I’m delighted to join this ambitious company.  The impressive achievements that it has made since it launched demonstrate that there is drive and ambition to deliver successful outcomes for clients.  I am looking forward to working with the team as we focus on developing our institutional strategy.”

- Ends -

Media Contacts:

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

Amelie Shepherd, PR Executive                                                     020 7332 8345

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 £22.5 billion¹.  The team consists of 219 industry professionals, including a team of 56 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 £102.3 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.

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.

This communication is issued by Old Mutual Global Investors (UK) Limited. Old Mutual Global Investors (UK) Limited is the appointed investment adviser for Old Mutual Investment Management Limited’s in-house funds. Old Mutual Global Investors is the trading name of Old Mutual Global Investors (UK) Limited and Old Mutual Investment Management Limited. Old Mutual Investment Management Limited, Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ.  Authorised and regulated by the Financial Conduct Authority. Old Mutual Global Investors (UK) Limited, Millennium Bridge House, 2 Lambeth Hill, London EC4P 4AJ. Authorised and regulated by the Financial Conduct Authority. A member of the Investment Association. OMGI 07/15/0116.

¹ as at 31 March 2015