OMGI adds global bonds head to restructured fixed income team

OMGI adds global bonds head to restructured fixed income team

Old Mutual Global Investors is adding two new members to its restructured fixed income team, including the appointment of Invesco Perpetual’s Mark Nash as head of global bonds.

Nash, who previously worked at Invesco Perpetual as head of global multi-sector portfolio management, will report into Christine Johnson, head of fixed income at Old Mutual Global Investors (OMGI).

He will focus on developed-market government bonds and from 1 August, subject to regulatory approval, he will become the lead manager of the Old Mutual Global Strategic Bond fund, taking over from Johnson and John Peta.

Nash will also be joined at OMGI by his former colleague Nick Wall, who joins the business on Monday 4 July, as portfolio manager.

OMGI said in statement that the investment strategy of the Old Mutual Global Strategic Bond fund will remain the same under Nash’s management.

The two additional appointments brings to fruition the fixed income expansion strategy initiated by Johnson in March 2015, with the hiring of John Peta as head of emerging market debt (EMD) and the promotion of Tim Barker to head of credit in December 2015.

Third area of specialism

The additions to the team will allow the creation of a third area of specialism within the OMGI fixed income capability.  The company said that the move fits within its fixed income philosophy of having specialists who work closely with one another in each of the major areas of fixed-income (credit, EMD and government bonds).

“Our team approach recognises just how interconnected markets have become,” said Johnson. “Economic linkages have arisen between the developed and emerging markets, the actions of central banks have profoundly affected the credit markets, and as a result, the return profiles of different fixed income assets have shifted markedly.

“Embracing these changes and appreciating how they influence the investment process is at the heart of delivering long-term value for clients.”

OMGI was formed in August 2012 and now has assets under management of £26bn (as at 31 March 2016).  The team consists of 258 industry professionals, including a team of 64 investment professionals.

As part of Old Mutual Group, OMGI is the UK-based asset management division of Old Mutual Wealth.

As reported, Old Mutual Wealth announced on Tuesday, ahead of parent company Old Mutual Plc’s annual general meeting in London, where the South Africa-focused financial services company is listed, that it will proceed with a de-merger and stock exchange listing, on both the London and Johannesburg stock exchanges, confirming earlier market reports.

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Gary Robinson

Commercial Director, Head of Video at International Investment.