Russ Oxley arrives at Old Mutual Global Investors
Old Mutual Global Investors is delighted to announce that Russ Oxley has today joined the company as Head of Fixed Income Absolute Return.
Reporting to Julian Ide, CEO, Russ will manage a team which consists of Huw Davies, Joshua Heming, Adam Purzitsky, Paul Shanta and Jin Wong. A core focus will be preparing for the autumn 2015 launch and future management of a new suite of Absolute Return Government Bond products (subject to regulatory approval). Old Mutual Global Investors will also open an office in Edinburgh to continue the team’s existing dual location arrangement.
Russ Oxley comments: “I am delighted to join a business that offers an opportunity to deliver innovative and creative products. I am also excited to re-connect with my team. Together, we have an exciting future ahead of us as we execute our ambitious plans and launch a series of products that we believe will meet the needs of our global client base in absolute return and Liability Driven Investment (LDI).”
Old Mutual Global Investors believes that the team’s proven capabilities greatly complement those currently available within its existing nine-strong Fixed Income team. By adding the team’s expertise across interest rates and relative/absolute return investing to the existing highly regarded team, Old Mutual Global Investors has created one of the asset management industry’s most powerful fixed income operations.
Julian Ide, CEO of Old Mutual Global Investors, comments: “This is a very exciting development for Old Mutual Global Investors. Russ and his team are an excellent strategic and cultural fit and an exciting and dynamic addition to Old Mutual Global Investors. The team has generated strong alpha, which has resulted in strong asset growth. In addition to the over £4bn assets in the Ignis Absolute Return Government Bond fund*, the team managed substantial assets in a combination of LDI and other rates mandates.
“The synergies of both of our fixed income teams working together will be powerful. The enhanced Fixed Income team structure now provides opportunities for us to harness the wealth of experience that currently exists in this combined team. This appointment also signifies ambitious plans to expand our share of the absolute return market and develop LDI solutions for our client base.”
Old Mutual Global Investors remains focused on developing an investment-centric business model centred upon delivering positive outcomes for its global client base. The business now has strength and depth across all of its investment teams and a global platform to support customers in key parts of the world.
*AUM as at 03/10/2014, Bloomberg
Notes to Editors:
TEAM AND BIOGRAPHICAL INFORMATION:
The Fixed Income Absolute Return team joins Old Mutual Global Investors from Standard Life Investment, having previously worked for Ignis Asset Management. They are highly regarded as being one of the leading 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. The team also managed substantial fixed income assets outside of the absolute return product in LDI assets and other rates mandates.
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. During this time he also took responsibility for the liability driven investment (LDI) for Ignis’s clients with unconstrained mandates. 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, Interest rate sales from 2005-2010. During his sales career he covered a range of clients, advising Pension Funds, LDI managers, Insurance companies and absolute return funds. Prior to 2005, Huw worked in roles that covered UK and European Bond Sales roles at Royal Bank of Scotland, UBS, 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 over 10 years of investment management and investment banking 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, where he was crucial in developing the proprietary analytical tools for the team as well driving the macro-economic discussion for the team. Prior to joining Ignis Adam was Vice President 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 seven 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. As well as co-managing the absolute return funds, Paul was involved on a daily basis co-managing the liability overlay for Ignis’s unconstrained funds.
Jin Wong CFA: Jin brings eight 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. As well as being part of the team managing the absolute return funds, Jin also helped to manage the liability overlay for Ignis’s unconstrained funds. 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.
Old Mutual Global Investors:
Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of £21 billion*. The team consists of 214 industry professionals, including a team of 51 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 Old Mutual International globally
- Asset management solutions via Old Mutual Global Investors
- Discretionary investment management via Quilter Cheviot
Old Mutual Wealth currently oversees £82.5* 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 £319.4 billion* assets under management.
*as at 31 December 2014