People Moves

Old Mutual Global Investors Nabs Fixed Income Team From Rival

Tom Burroughes, Group Editor, London, 15 October 2014

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Old Mutual Global Investors has appointed a fixed income team: Russ Oxley, who will become head of fixed income - absolute return, Huw Davies, Joshua Heming, Adam Purzitsky, Paul Shanta and Jin Wong. It also said it intends to open an office in Edinburgh.

Old Mutual Global Investors has appointed a fixed income team from Standard Life Investment, having previously worked at Ignis Asset Management: Russ Oxley, who will become head of fixed income - absolute return, Huw Davies, Joshua Heming, Adam Purzitsky, Paul Shanta and Jin Wong. It also said it intends to open an office in Edinburgh.

Oxley will report to Julian Ide, chief executive of Old Mutual Global Investors.

Oxley previously spent 10 years working at Ignis Asset Management, initially as an UK government bonds investment manager from 2004 to 2007, then becoming head of rates in 2007. In 2011 he became the lead manager of the Ignis Absolute Return Government Bond Fund.

Davies brings over 23 years of fixed income investment experience to the role: he joins from Ignis Asset Management which he joined in early 2014 as a fixed income product specialist.  Prior to joining Ignis, Davies spent the four years between 2010-2014 working at Citi as director, UK RM interest rate sales and five years at JP Morgan Chase as executive director, head of gilt sales from 2005-1010.

Heming has 16 years of working in financial services.  He joined the business from Ignis Asset Management where he spent four years from 2010 to 2014 as a quantitative portfolio manager on the rates team.

Purzitsky brings 10 years of investment management experience. Prior to joining the company, he worked at Ignis Asset Management from 2009 as a senior quantitative portfolio manager on the rates team.

Shanta brings six years of investment management experience. He previously worked at Ignis Asset Management, initially as a portfolio manager in the rates fixed income team from 2008-2012.

Jin Wong has eight years of investment management experience. He was at Ignis Asset Management as a portfolio manager in the rates fixed income team. 

This team will join the firm next year to support the launch and future management of a new suite of fixed income – absolute return products (subject to regulatory approval), it said in a statement.

"Old Mutual Global Investors believes that the team’s absolute return investment process will greatly complement those currently available within its existing nine strong fixed income team, which is headed by Christine Johnson, who reports to Stewart Cowley, investment director, fixed income and macro," Old Mutual said. 

Last year, the firm, with over £17 billion ($27 billion) of client assets, named Deepa Abraham as a senior credit analyst to work alongside Bastian Wagner; Simon Prior also joined the team as a credit analyst. Old Mutual Global Investors is the asset management division of Old Mutual Wealth.

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