OppenheimerFunds Expands International Offering
Appoints SVP of EMEA, Based in London; Launch of a UCITS Fund Platform
LONDON, Dec. 5, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, announced the appointment of Doug Stewart as Head of European, Middle East and Africa Distribution, based in London. The appointment represents a further expansion of OppenheimerFunds' International Distribution platform, which also includes the launch of a UCITS-Fund platform. Stewart will be responsible for marketing and distribution efforts throughout Europe, the Middle East and Africa. He will report to Steve Paddon, Head of Institutional & International at OFI Global Asset Management, Inc., a subsidiary of OppenheimerFunds serving institutional investors and consultants throughout the world.
Prior to joining OppenheimerFunds, Stewart spent 14 years with AllianceBernstein Limited, most recently as Managing Director, EMEA Client Group, responsible for client relationship management, team monitoring and expansion in Institutional markets. In previous roles, Stewart spent time as the UK Sales Head overseeing Insurance, Pension Funds, Multi-Manager Fund of Funds, Endowments, Charities and Foundations.
The launch of OppenheimerFunds ICAV, an Ireland-domiciled UCITS platform and its sub-funds will focus on investment opportunities in global and developing markets equities, providing new choices to clients and deepening relationships with consultants and investment platform providers. The first of these strategies to become available are our flagship global value, global equity and developing markets equity funds which launched last week.
Paul Eisenhardt, Head of International Distribution (ex EMEA), is responsible for the distribution of international solutions and developing client relationships in Canada, Latin America and the Asia-Pacific region. Eisenhardt also reports to Paddon.
"We are pleased to bring some of our most compelling investment strategies to an international audience, to help meet the needs of our evolving client base," said Art Steinmetz, Chairman and CEO of OppenheimerFunds.
"Expansion to non-U.S. markets is a core element of our long term engagement with institutional investors," said John McDonough, OppenheimerFunds' Head of Distribution. "We're delighted to welcome Doug to the team as we build our reach globally, and continue our focus on developing long-term client-centric solutions that differentiate us in the marketplace."
Paddon added, "Doug and Paul's appointments deepen the talent base of our dedicated institutional team, with their proven track records working across a variety of client segments. We look forward to increasing our engagement with institutional clients internationally by building access to our investment capabilities."
The Oppenheimer Funds ICAV is an Irish collective asset management vehicle constituted as an umbrella fund with segregated liability between sub-funds, authorised by the Central Bank of Ireland (CBI) as an investment company pursuant to the Undertaking for Collective Investment in Transferable Securities (UCITS) Regulations. Authorisation by the CBI is not an endorsement or guarantee of the Funds by the CBI nor is the CBI responsible for the contents of the Prospectus, fund supplements, or KIIDs.
The Fund is offered solely to non-U.S. investors under the terms and conditions of the Fund's current Prospectus, or, in limited circumstances, otherwise in transactions which are exempt in reliance on Regulation S from the registration requirements of the United States Securities Act of 1933, as amended and such other laws as may be applicable. This document does not constitute an offer to subscribe for shares in the Fund. It is intended only for professional/sophisticated investors. The Fund is registered for public offer and sales only in the Republic of Ireland and has been passported for public offer and sale in the United Kingdom and Luxembourg. Fund shares may be otherwise sold on a private placement basis depending on the jurisdiction.
This material is for informational purposes only and is not intended to be investment advice, a recommendation, or to predict or depict the performance of any investment.
OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $219 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of November 30, 2016.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed-income, alternative, multi-asset, and revenue-weighted-ETF strategies. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. For more information, visit oppenheimerfunds.com.
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