Wed, May 4, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n