In a consultation period that runs until 6 August, chief executive of OMAM UK, Julian Ides (who is to be CEO of the new entity also), is working with his executive committee to decide the final name and strategy of the newly combined investment company.
A spokesperson for Old Mutual, said: "The rules around what we can and cannot say in these situations are pretty strict. When you merge two businesses there is a natural area of overlap and we are going through that process.
"I’m not sure if there will be announcement, but at some point we will make some announcements about things like the name of the company and the strategy for the business."
In June it was announced Paul Feeney had been named as CEO of Old Mutual Wealth Management, encompassing Skandia UK, Skandia International, the company’s European businesses, SIG and OMAM. He is the direct report for Julian Ides.
Feeney joined Old Mutual in January from BNY Mellon where he was head of distribution and is to be joined by former BNY colleague Marcus Bolitho as head of marketing soon at OMAM/SIG soon.
The combined firm will have approximately £12bn AUM, with a total of 51 single-manager funds.
with a total of 51 single-manager funds.
