Cruz Added To Old Mutual Board

Jan 7 2014 | 1:57am ET

Former Morgan Stanley executive and hedge fund manager Zoe Cruz has joined the board of directors at asset manager Old Mutual.

Cruz was named a non-executive director of the London-based firm, whose funds lineup includes several hedge funds. She will serve on Old Mutual's risk and global investment group remuneration committees.

The additions of Cruz and of Adiba Ighodaro, of private-equity firm Actis, mean that women now comprise more than 30% of Old Mutual's board.

Cruz, once tipped as a possible CEO of Morgan Stanley, closed her Voras Capital Management hedge fund in 2012. She had founded the firm—with the backing of her old employer—in 2009.

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