Old Mutual Asset Management Names Richard Souri To Lead Marketing Efforts In
The Middle East
--Company expands distribution coverage in growing market through accomplished
sales and marketing professional--
BOSTON, Jan. 23, 2014
BOSTON, Jan. 23, 2014 /PRNewswire/ -- Old Mutual Asset Management (OMAM), the
U.S.-based global asset management business of Old Mutual plc, announced today
that Richard Souri has been named Senior Vice President and Head of Middle
East Sales, and will lead the firm's marketing efforts in the Middle East.
As Head of Middle East Sales, Mr. Souri will focus on introducing the diverse
investment capabilities of OMAM's eight Affiliate firms to institutional
investors in the region, including sovereign wealth funds, local pension funds
and family offices. His primary area of responsibility will be in Gulf
Cooperation Council (GCC) countries, which include Bahrain, Kuwait, Oman,
Saudi Arabia, United Arab Emirates and Qatar.
"Richard is a highly talented, experienced professional who brings a range of
capabilities and relationships to our global distribution team and further
enhances our ability to identify and serve areas of potential investor demand
on behalf of OMAM's Affiliates," said Linda Gibson, OMAM's Executive Vice
President and Head of Global Distribution.
"Richard is an excellent addition to our team as we continue to expand our
marketing and client service capacity in key strategic markets," said Olivier
Lebleu, Head of International Business Development for Old Mutual Asset
Management International. "The quality and diversity of our Affiliates'
investment strategies continue to attract investor interest across the globe,
and we are confident that Richard will leverage his substantial industry
experience and strong relationships to grow awareness and generate new client
OMAM's Affiliates specialize in a wide range of investment strategies
including: U.S. growth and value equities across the market capitalization
spectrum; global sovereign and credit strategies; global, international and
emerging markets equities; and a number of alternative investments including
private and listed real estate as well as timber investments. These strategies
are offered through eight leading boutique asset managers: Acadian Asset
Management; Barrow, Hanley, Mewhinney and Strauss; The Campbell Group; Copper
Rock Capital Partners; Heitman; Investment Counselors of Maryland; Rogge
Global Partners; and Thompson, Siegel & Walmsley.
Mr. Souri joins the Old Mutual Asset Management International distribution
team from MSCI Barra, where he spent over 10 years in both sales and
analytical roles in the U.S., London and Dubai. He helped open MSCI Barra's
Middle East office in Dubai in 2007 and has developed their SWF and
institutional clientele across the region over the last several years. Mr.
Souri has a degree in Physics from Queen Mary College, University of London.
Fluent in Arabic, Mr. Souri is based in Old Mutual Asset Management
International's London office.
About Old Mutual Asset Management
OMAM is a global multi-boutique investment organization, managing and growing
a diverse portfolio of asset managers that serve institutional investors
around the world. The assets under management of OMAM's affiliated investment
firms were $243.3 billion as of September 30, 2013. OMAM is the name through
which Old Mutual (US) Holdings Inc. conducts its U.S. asset management
business. Its parent company is London-based Old Mutual plc. More information
about OMAM, its member firms, and their investment teams and strategies, is
About Old Mutual Asset Management International
Old Mutual Asset Management International (OMAM International) provides sales
and marketing support for Old Mutual Asset Management outside the United
States. OMAM International is authorized and regulated by the Financial
Conduct Authority of the United Kingdom and works with affiliates to provide
investor introductions and to raise capital from institutional investors. OMAM
International professionals help coordinate access to Old Mutual's
institutional asset management capabilities for pension funds, insurance
companies, sovereign wealth funds, investment consultants and global financial
institutions. More information about OMAM International is available at
About Old Mutual plc
Old Mutual provides life assurance, asset management, banking and general
insurance to more than 14 million customers in Africa, the Americas, Asia and
Europe. Originating in South Africa in 1845, Old Mutual has been listed on the
London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2012, the Group reported adjusted operating
profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion of
funds under management from core operations.
For further information on Old Mutual plc, please visit the corporate website
SOURCE Old Mutual Asset Management
Contact: Doug Hesney, Dukas Public Relations, firstname.lastname@example.org, 212-704-7385
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