Old Mutual Asset Management, the US-based asset management arm of UK's Old Mutual, has strengthened its Asian business efforts with the appointment of a new head of the institutional advisory unit.

Based in Hong Kong, Miranda Poon will represent the company's affiliates in Asia ex-Japan, responsible for marketing its products and services, as well as its affiliates' through a joint effort with OMAM's sister company Skandia Global Funds (Asia-Pacific). 

Poon was previously the director of the institutional advisory group at American Century Investments, where she led business development efforts in North Asia. Before that, she served as vice president of business development (Asia ex-Japan) at Pictet (Asia) and as investment director for business development at Standard Life Investments (Asia).

Old Mutual Asset Management is a global multi-boutique investment group that manages a diverse portfolio of asset managers. As of 30 September 2012, assets under management of the firm's affiliated companies were at $216.7 billion.