Old Mutual To Merge Asset Management Units

Apr 27 2012 | 4:34am ET

Old Mutual will merge its British asset management businesses, both of which have hedge funds in their stable, the firm said yesterday.

Old Mutual Asset Managers and Skandia Investment Group will be united in the third quarter as part of a streamlining effort. Old Mutual added that it hoped the combined business would be better able to attract and retain top investment talent.

OMAM CEO Julian Ide will serve as CEO of the merged group. Skandia's James Millard will be chief investment officer.

"The unified business will give Old Mutual a significant asset management presence in the U.K. and it will be the investment engine behind Old Mutual's wealth management business," the company said.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR