OMAM UK appoints Julian Ide as CEO as Baxter quits

OMAM UK has appointed Julian Ide as chief executive officer and head of global distribution, while current chief executive

Ide succeeds chief investment officer and chief executive Peter Baxter who is leaving the firm to pursue other opportunities.

Ide joins from BBVA Asset Management where he was head of institutional business. Prior to this, Julian spent most of his career in a number of roles at Merrill Lynch Mercury, ABN AMRO Asset Management and Credit Suisse Asset Management.

He will oversee OMAM’s UK’s investment teams, product offerings and retail and institutional distribution. He will report to Old Mutual Asset Management chief executive Peter L. Bain.

Ide’s appointment comes as the firm announces the divestiture of the US retail mutual funds business, as separate entity to the UK business.