Big names exit Old Mutual in reshuffle


John Ventre, François Zagamé and Stewart Cazier are leaving Old Mutual Wealth in a restructure of the multi-asset investment team following the acquisition of Quilter Cheviot.

Old Mutual Wealth says Stewart Cazier will leave the firm “to pursue other opportunities within the industry”.

Quilter Cheviot’s Ben Mountain and Old Mutual Wealth’s Anthony Gillham will now lead the combined 24 staff multi-asset investment team.

A number of fund changes will occur as a result of the merger.

Gillham, who currently manages the Old Mutual Voyager Strategic Bond Fund, will also manage the Spectrum Funds range as well as the Voyager Funds range with Sacha Chorley.

The Old Mutual Voyager Global Dynamic Fund will be managed by Gillham and Lee Freeman-Shor, while Freeman-Shor will continue to manage the Old Mutual Voyager Strategic Bond Fund.

There will be no changes to the investment strategies of the funds, the firm says.

Other fund ranges managed by the OMGI team remain under review, such as the Foundation and the Generation range.

Old Mutual Wealth chief investment director Martin Baines says: “Since QC joined Old Mutual Wealth earlier this year we have been identifying areas of complementary activity and how we can best harness the expertise of two superb investment businesses managing clients’ money.

“By bringing together these talents in one capability within the Old Mutual Wealth Investment Division, we will be better positioned to deliver a leading range of solutions specifically designed for different client and adviser needs in different markets in the UK and internationally.”

Mountain and Gillham will also sit on the multi-asset investment forum, which is chaired by Paul Simpson, director of investments at OMGI, giving a chance for further collaboration.