Wed, Apr 1, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner