Old Mutual Asset Managers (OMAM) has appointed fund manager Simon Weston to its new Global Markets t...
Old Mutual Asset Managers (OMAM) has appointed fund manager Simon Weston to its new Global Markets team headed by Fiona Hathorn, writes Robert Stock.
Weston worked with Hathorn at Hill Samuel Asset Management (HSAM) as an investment manager in the Far Eastern and emerging markets team.
Prior to working at HSAM, Simon was at Lloyds Investment Managers from 1987 and joined Hill Samuel during the merger between the two companies.
The news comes as OMAM announced a move to cut charges from 1 January.
Initial charges on OMAM's unit trust range will fall to 4% from 5.5%. Initial commission will not fall from its current 3% with 0.5% renewal commission.
Annual management fees will not change and will remain at 1.5%. There will be no changes to the UK money market, corporate bond and UK All Share Mirror funds.
On the new appointment Hathorn, head of global markets, said: "Simon has a wealth of experience running both retail and institutional funds and considerable knowledge of the technology sector through his expertise in Asian markets, particularly Taiwan."
Peter Baxter, chief investment officer of OMAM said: "We are creating a team that will add value to the specialist teams and also give us the capability of running global sector and theme funds.
"Simon is a highly capable fund manager and will fit well within OMAM."
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