View more on these topics

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.


Graduates’ debt dilemma

Next year sees two significant changes to graduate entrants into the workforce. From next autumn, tuition fees will be increased to £9,000 a year for the majority of UK undergraduate degrees and auto-enrolment will start to be phased in to all UK employers. Graduates will be in the position of having to decide whether they […]


FTSE blog: FTSE closes up 2.89%

16:57: The FTSE ends the day up 2.89 per cent at 5713.82. Barclays and Royal Bank of Scotland finished the day up 17.6 per cent and 10 per cent, respectively, meaning both banks finished the day in the top five stocks in terms of growth. In Europe, the Dax and Cac 40 finished the day […]

400 Advisers quit Openwork as losses increase to £8.5m

Openwork lost more than 400 advisers and suffered losses of £8.5m in 2010. The firms’s 2010 accounts, published last week, show the number of advisers fell by 17 per cent from 2,485 in 2009 to 2,060 in 2010. Losses increased from £5.6m to £8.5m while the company set aside £2.2m for complaint redress, with £500,000 […]

Pension funds call for emergency meeting over QE move

The National Association of Pension Funds has called for an emergency meeting with The Pensions Regulator after the Bank of England announced plans for further quantitative easing. Earlier today, the Bank’s Monetary Policy Committee revealed plans to increase its programme of quantitative easing by £75bn to £275bn. The move is expected to harm UK pension […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment