Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Old Mutual Asset Management hires new CFO and expands in development and distribution

Wednesday, May 11, 2011
Opalesque Industry Update - Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, today announced a series of organizational changes and executive appointments designed to align the company’s executive structure with its strategic objectives. These moves are a cornerstone of Chief Executive Officer Peter Bain’s strategic plan for OMAM. Mr. Bain was appointed CEO in February of this year.

Steve Belgrad, currently Chief Financial Officer of HarbourVest Global Private Equity Limited, has been named Chief Financial Officer of OMAM, effective June 1, 2011. Mr. Belgrad previously held positions at Affiliated Managers Group in the New Investments area and was SVP and Treasurer at Janus Capital Group. Additionally, Mr. Bain has commenced a search for a Head of Global Distribution who will be based outside the United States. These individuals will join Mr. Bain and Linda Gibson, Chief Operating Officer and Head of Affiliate Management, to form OMAM’s executive management team. Mr. Bain also announced today the appointment of Aidan Riordan, a partner at Calvert Street Capital Partners, as Senior Vice President and Director of Affiliate Development, reporting to Ms. Gibson. Mr. Riordan, who will join OMAM July 1, 2011, was previously at Castle Harlan Inc. and Berkshire Capital.

Under the new framework, Mr. Bain will have three principal direct reporting units: Affiliate Management, headed by Ms. Gibson; Finance and Corporate Development, headed by Mr. Belgrad; and Global Distribution, to be headed by the individual selected through the active search currently in process.

OMAM’s executive management team has been tasked with executing Mr. Bain’s strategic plan for growth in the following critical areas:

· Effective affiliate management through development of investment talent, innovative strategies, institutional products and streamlined operating structure;

· Strategic global distribution efforts that leverage OMAM’s international reach to promote the affiliates’ investment talents and gather client assets; and

· Creative and disciplined finance and corporate development--including the strategic seeding of new investment ideas and selective acquisitions.

“The addition to our organization of accomplished, talented professionals like Steve and Aidan, combined with Linda’s exceptional leadership in working with our affiliate firms, and our hiring of a global leader for our distribution efforts, reaffirms our commitment to innovation within the multi-boutique model,” said Mr. Bain. “These new additions will give OMAM the strong team we need to execute on our growth strategy and serve the needs of our affiliates and global investors.”

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int