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September 04, 2015 11:50 AM ET

Capital Markets

Company Overview of OM Asset Management Limited

Company Overview

OM Asset Management Limited is a privately owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries. The firm was founded in 1980 is based Boston, Massachusetts. OM Asset Management Limited operates as a subsidiary of OM Group (UK) Limited.

Millennium Bridge House

5th Floor

2 Lambeth Hill

London,  EC4V 4GG

United Kingdom

Founded in 1980

92 Employees

Phone:

44 20 7002 7000

Key Executives for OM Asset Management Limited

Chief Executive Officer, President and Director
Age: 56
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice President
Age: 52
Total Annual Compensation: $300.0K
Head of Global Distribution and Executive Vice President
Age: 50
Total Annual Compensation: $375.0K
Head of Affiliate Management and Executive Vice President
Age: 43
Total Annual Compensation: $300.0K
Chief Talent Officer and Executive Vice President
Age: 46
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2014.

OM Asset Management Limited Key Developments

OM Asset Management plc Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

OM Asset Management plc announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported on non-GAAP basis, total ENI revenue of $167.8 million against $150.5 million a year ago. Earnings before variable compensation were $106.7 million against $98.6 million a year ago. Pre-tax economic net income was $52.2 million against $48.1 million a year ago. Economic net income excluding extraordinary performance fee was $38.0 million or $0.32 basic and diluted per share against $34.1 million or $0.28 basic and diluted per share a year ago. Adjusted EBITDA, excluding extraordinary performance fee was $54.4 million against $49.6 million a year ago. On U.S. GAAP basis, total revenues were $213.5 million against $260.3 million a year ago. Operating income was $62.9 million against operating loss of $45.6 million a year ago. Income from continuing operations before taxes was $64.7 million against loss from continuing operations before taxes of $44.1 million a year ago. Income from continuing operations was $48.7 million against loss from continuing operations of $52.3 million a year ago. Net income attributable to controlling interests was $49.4 million or $0.41 basic and diluted per share against $8.8 million or $0.07 basic and diluted per share a year ago. For the six months, the company reported on non-GAAP basis, total ENI revenue of $331.1 million against $292.0 million a year ago. Earnings before variable compensation were $210.5 million against $188.9 million a year ago. Pre-tax economic net income was $103.2 million against $91.2 million a year ago. Economic net income excluding extraordinary performance fee was $75.3 million or $0.63 basic and diluted per share against $66.6 million or $0.56 basic and diluted per share a year ago. Adjusted EBITDA, excluding extraordinary performance fee was $107.9 million against $94.0 million a year ago. On U.S. GAAP basis, total revenues were $374.1 million against $529.7 million a year ago. Operating income was $107.3 million against operating loss of $40.0 million a year ago. Income from continuing operations before taxes was $110.9 million against loss from continuing operations before taxes of $35.7 million a year ago. Income from continuing operations was $82.7 million against loss from continuing operations of $51.9 million a year ago. Net income attributable to controlling interests was $83.6 million or $0.69 basic and diluted per share against $19.1 million or $0.16 basic and diluted per share a year ago.

OMAM Approves Quarterly Interim Dividend, Payable on September 30, 2015

The OMAM's Board of Directors approved a quarterly interim dividend of $0.08 per share payable on September 30, 2015 to shareholders of record as of the close of business on September 11, 2015.

OM Asset Management Announces Unaudited Earnings Results for the Six Months Ended June 30, 2015

OM Asset Management announced unaudited earnings results for the six months ended June 30, 2015. For the period, AOP up 38% at $128 million, including $19 million relating to an exceptional performance fee, and FUM increased 3% to $226.6 billion. Revenues of $379 million were 30% higher than the comparative period due to growth in average FUM and higher performance fees. Revenues of $379 million for the period were 30% higher than $292 million in 2014, resulting primarily from growth in average FUM and higher performance fees than the comparative period. Net client cash flows was $0.6 billion against $2.6 billion a year ago. Closing funds under management was $226.6 million against $214.9 million a year ago. IFRS profit after tax attributable to equity holders of the parent was $73 million against $58 million a year ago.

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