May 27, 2017 1:02 AM ET

Capital Markets

Company Overview of OM Asset Management plc

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 plc operates as a subsidiary of Old Mutual Global Investors.

Millennium Bridge House

Ground Floor

2 Lambeth Hill

London,  EC4V 4GG

United Kingdom

Founded in 1980

87 Employees

Phone:

44 20 7002 7000

Key Executives for OM Asset Management plc

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $650.0K
Chief Financial Officer and Executive Vice President
Age: 53
Total Annual Compensation: $300.0K
Head of Global Distribution and Executive Vice President
Age: 51
Total Annual Compensation: $375.0K
Head of Affiliate Management and Executive Vice President
Age: 44
Total Annual Compensation: $300.0K
Chief Talent Officer and Executive Vice President
Age: 47
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2016.

OM Asset Management plc Key Developments

OM Asset Management plc Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017

OM Asset Management plc reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenue was $196.2 million compared to $149.6 million a year ago. Operating income was $23.5 million compared to $41.0 million a year ago. Income from continuing operations before taxes was $28.0 million compared to $44.0 million a year ago. Net income was $22.3 million compared to $30.8 million a year ago. Net income attributable to controlling interests was $21.4 million compared to $30.8 million a year ago. Earnings per share, basic and diluted, were $0.19 compared to $0.26 a year ago. EBITDA was $37.0 million compared to $46.9 million a year ago. ENI revenue was $198.8 million compared to $152.9 million a year ago. Economic net income was $38.9 million compared to $32.0 million a year ago. ENI diluted EPS was $0.34 compared to $0.27 a year ago. Adjusted EBITDA was $59.9 million compared to $45.3 million a year ago. Adjusted EBITDA increased 32.2%, due to the acquisition of Landmark and higher earnings in the existing business.

OM Asset Management Seeks Acquisitions

OM Asset Management plc (NYSE:OMAM) is seeking acquisitions. Stephen H. Belgrad, Chief Financial Officer, said, “We expect to use internally generated cash predominantly to fund these obligations. This leaves financial capacity for share buybacks and/or acquisitions, particularly if EBITDA continues to increase in the stable market environment and fundraising from alternatives expands throughout the year.”

OM Asset Management plc, Q1 2017 Earnings Call, May 04, 2017

OM Asset Management plc, Q1 2017 Earnings Call, May 04, 2017

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 25, 2017
--
Merger/Acquisition
March 25, 2017
--
Merger/Acquisition
June 14, 2016
Landmark Partners, Inc.
 

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