OMAM Announces Alignment of Global Distribution with Affiliate Management to Support Next Leg of Growth
November 29 2017 - 4:05PM
Business Wire
OM Asset Management plc (NYSE: OMAM) announced today that,
effective December 31, 2017, its Global Distribution efforts will
be further aligned with Affiliate Management by combining the
functions.
“Given the stability of the Global Distribution team, its proven
success, and its meaningful contribution to our economic results,
it is important going forward to more closely align the team with
the management of our Affiliates. A merger of the two teams enables
closer connectivity among research, product development, capital
allocation, seeding and distribution, resulting in a stronger
complementary Global Distribution offering to our Affiliates and
the end client,” said Linda Gibson, Executive Vice President and
Head of Global Distribution of OMAM and Chief Executive Officer and
Director of OMAM International.
In relation to this change, Ms. Gibson will resign from her
positions. “Linda Gibson has been the principal architect of our
Global Distribution strategy, from its conception to development
and rigorous and successful execution. Under Linda’s direction
since inception in 2012, the Global Distribution team members have
raised over $13 billion to date. Her leadership in collaborating
with our Affiliates around the globe has added a crucial dimension
to OMAM’s differentiated multi-boutique approach,” said Jim
Ritchie, Interim CEO and Chairman of the Board of OMAM.
Aidan Riordan, Executive Vice President and Head of Affiliate
Management, will assume responsibility for the Global Distribution
team. Olivier Lebleu, Head of International Business, and Brian
Carroll, Head of North American Distribution, will report directly
to Mr. Riordan.
“I am very pleased with what the team has accomplished and I
know I leave the company with a firmly established, strong Global
Distribution footprint,” said Ms. Gibson. “It has been a genuine
privilege to work with such talented professionals.”
Since joining OMAM in 2000, Ms. Gibson has served in a number of
executive capacities, including interim CEO, Chief Operating
Officer, and General Counsel. “On behalf of the Board, I thank
Linda for everything she has done during her remarkable tenure at
OMAM,” said Mr. Ritchie. “We are also fortunate to have such a
strong executive in Aidan heading up Affiliate Management, as we
believe integrating the Global Distribution team into the Affiliate
Management function further strengthens our unique business
model.”
About OMAM
OMAM is a global, multi-boutique asset management company with
$235.9 billion of assets under management as of September 30,
2017.1 Its diverse Affiliates offer leading, alpha generating
investment products to investors around the world. OMAM’s
partnership approach, which includes equity ownership at the
Affiliate level and a profit sharing relationship between OMAM and
its Affiliates, aligns the interests of the Company and its
Affiliates to work collaboratively in accelerating their growth.
OMAM’s business model combines the investment talent,
entrepreneurialism, focus and creativity of leading asset
management boutiques with the resources and capabilities of a
larger firm. For more information about OMAM, please visit the
Company’s website at www.omam.com.
1 On November 17, 2017, OMAM executed a binding agreement with
Heitman, pursuant to which OMAM’s ownership interest in Heitman
will be redeemed for $110 million, therefore, Heitman AUM has been
removed.
OMAM-201794
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OMAMBrett Perryman, 617-369-7300ir@omam.com
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