Old Mutual Asset Management Advances Its Global Distribution Strategy

- Firm reorganizes executive management team to accelerate growth -

BOSTON, June 27, 2012 /PRNewswire/ -- Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, announced today it has made a series of executive appointments to further its global distribution strategy.

Linda T. Gibson has been named Executive Vice President and Head of Global Distribution for OMAM.  In her new role, Ms. Gibson will spearhead and continue OMAM's strategy of building core institutional distribution capabilities in global markets to meaningfully contribute to its affiliates' global expansion. 

Julian Ide, the company's former Head of Global Distribution and CEO of OMAM UK, will be focusing on his role as CEO of the newly combined businesses of OMAM's sister companies, Skandia Investment Group and Old Mutual Asset Managers UK.  That combination, announced in April, creates a significant asset management presence in the U.K. and complements OMAM's global distribution efforts by providing OMAM's affiliates access to sub-advisory, wholesale and product opportunities.

In her new role, Ms. Gibson will spearhead OMAM's strategy of building core institutional distribution capabilities in global markets where the firm can meaningfully contribute to its affiliates' global expansion efforts.  Ms. Gibson will divide her time between OMAM's Boston and London offices and continue to serve on the company's Executive Management Team, reporting to President and Chief Executive Officer Peter Bain. Ms. Gibson has served in various executive roles within OMAM since 2000, most recently serving as Chief Operating Officer and Head of Affiliate Management. 

"Julian has done a tremendous job laying the groundwork for a best-in-class, domestic and international distribution network.  We are extremely fortunate to have Linda Gibson to assume leadership of these efforts and build upon his work," said Mr. Bain.  "Linda has been a key senior executive in this organization for over a decade.  Her intellect, strategic vision, global financial services expertise, and executive management skills allow OMAM to build upon the significant progress Julian has made to date.  Her appointment, along with the recent appointments of Olivier Lebleu, Head of Non-U.S. Distribution, and Rob Marchetti, Vice President, Institutional Retirement and Sub-advisory, marks the first of a series of hires that will be made over the coming months."

Also in conjunction with Ms. Gibson's appointment, Aidan J. Riordan, previously Senior Vice President and Director of Affiliate Management, was promoted to Executive Vice President and Head of Affiliate Management. Christopher Hadley, Head of Human Resources, was promoted from Senior Vice President to Executive Vice President.

Going forward Mr. Bain's executive team will consist of Stephen Belgrad, EVP and CFO; Ms. Gibson, EVP and Head of Global Distribution; Mr. Hadley, EVP and Head of Human Resources; and Mr. Riordan, EVP and Head of Affiliate Management. 

"Each person on our executive team has unique and exceptional capabilities that complement each other well," Mr. Bain said. "I'm excited to have them in place as OMAM moves into its next phase of global growth." 

About Old Mutual Asset Management

Old Mutual Asset Management (OMAM) is a global multi-boutique investment organization, managing and growing a diverse portfolio of asset managers that serve institutional and individual investors around the world. The assets under management of OMAM's affiliated investment firms were $221 billion as of March 31, 2012. OMAM is the name through which Old Mutual (US) Holdings Inc. conducts its U.S. asset management business. Its parent company is London-based Old Mutual plc. More information on OMAM, its member firms, and their investment teams and strategies, is available at www.oldmutualus.com.  Old Mutual Asset Management International is the global distribution arm of OMAM.

About Old Mutual plc

Old Mutual plc is an international long-term savings, protection and investment Group. Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 15 million customers in Europe, the Americas, Africa and Asia. Old Mutual plc is listed on the London Stock Exchange and the Johannesburg Stock Exchange, among others.