Old Mutual Asset Managers has found a replacement for David Ross, who headed its quants team until his high-profile departure earlier this month.
Ross will be replaced by Eoin Murray, who joins from Northern Trust Global Investments. In addition to heading the quants team, Murray will run a number of equity market hedge portfolios and unit trusts.
At NTGI, Murray was the European head of quantitative management, leading quantitative business and investment strategies in Europe and the Middle East.
Murray says: “Omam has earned a very good reputation for quantitive investment and has a strong existing range of hedge funds and unit trusts using the process. This is a determined and ambitious company and I am looking forward to helping them build this part of the business.”