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Gerrard Investment Funds to merge with Old Mutual Asset Managers

Old Mutual is to merge Gerrard Investment Funds with Old Mutual Asset Managers.

The combined operation will operate under the Omam name and will be run by current Omam chief executive John Ainsworth.

The Gerrard brand will remain only for Old Mutual’s private client services, charities and smaller pension funds.

Old Mutual Financial Services chief executive Edmond Warner says: "This is an important step, bringing a co-ordinated approach to our UK business and establishing Omam as the group’s UK retail and institutional asset management platform."

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