Effective 29 September, the change heralds the creation of an Investments Division, which combines the teams and expertise of Quilter Cheviot and Old Mutual Global Investors into a single multi-asset capability.
Martin Baines, OMW’s chief investment director, heads up the new Investment Division, while Ben Mountain, head of Quilter Cheviot’s managed portfolio service, and Anthony Gillham, portfolio manager on OMGI’s multi-asset team, will head up the multi-asset investment solutions unit.
The unit includes portfolio management, fund research, asset allocation and an MPS capability.
A firm spokesperson said that the changes will not affect Quilter Cheviot’s existing MPS, managed by Ben Mountain and Julian Menges.
“These significant developments present the opportunity to more effectively leverage the combined investment knowledge of QC and OMGI."
Having overseen the restructuring process, Cazier departs his position as head of OMGI’s investment solutions arm with immediate effect after just six months.
Furthermore, Ventre and Zagame will leave their respective berths at the head of the Old Mutual Spectrum and Voyager multi-asset ranges on 16 September, having already relinquished control of the portfolios.
No investment approach change
Gillham has taken over the Spectrum range, alongside co-management of the Voyager suite with Sacha Chorley and the OM Voyager Global Dynamic Fund in co-operation with Lee Freeman-Shor. There will be no changes to the investment approaches on any of the funds.
The Cirilium, Managed, Global Best Ideas, European Best Ideas fund ranges and WealthSelect MPS also remain unchanged, though the remaining OMGI fund ranges are subject to review.
“Since QC joined Old Mutual Wealth earlier this year, we have been identifying areas of complementary activity and how we can best harness the expertise of two superb investment businesses managing clients’ money,” said Baines.
“These significant developments present the opportunity to more effectively leverage the combined investment knowledge of QC and OMGI for the benefit of all our clients in the multi-asset area.”
