Old Mutual GI appoints China head

Old Mutual Global Investors (OMGI) has expanded its Hong Kong team with the appointment of Richard Mo as head of business in China. In the newly created role, Mo is responsible for developing relationships with regulators, global financial institutions and distributors across the region. Prior to joining OMGI, Mo spent 15 years at JP Morgan Asset Management in a variety of distribution roles, including head of China retail business. The hire is the latest in a series of poaches from a high profile industry rivals for OMGI. The firm appointed former BlackRock fund manager Rob Weatherston to run its offshore Japanese Equity fund in May this year, and appointed a former Invesco Asset Management bond pair, Mark Nash and Nick Wall, in July. OMGI set up a dedicated Asia division in April last year, led by head of Asian equities, Josh Crabb. Carol Wong, managing director for Asia Pacific at the firm, said the recent deregulation of capital controls by the Chinese government has opened up China’s markets even further for foreign investors. Earlier this month, Old Mutual Wealth – which OMGI is part of – reported a 31% year-on-year fall in profits for the first six months of 2016, despite "very strong" net client cash flows. Net inflows were up 39% to £3.2 billion (€3.7 billion). Flows into Old Mutual Global Investors were "particularly good", with assets under management up 7% from the end of 2015 to £111.2 billion. ©2016 funds europe

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.



Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.