Paul Feeney: OMGI single-strategy business 'less aligned' with OMW

Due to be sold

Paul Feeney: "Only 20% of OMGI's assets under management come from the relationship with Old Mutual Wealth."
Paul Feeney: "Only 20% of OMGI's assets under management come from the relationship with Old Mutual Wealth."
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Old Mutual Wealth (OMW) chief executive Paul Feeney has revealed more details about the rationale behind its split of Richard Buxton-led Old Mutual Global Investors (OMGI), with the single strategy part up for sale.

It was OMW that Old Mutual Wealth was planning to carve a ready-made £16bn multi-asset business out of its fund management operations, running it separately from OMGI's existing single-strategy range....

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