Old Mutual Asset Management Names Miranda Poon to Lead Institutional Business Efforts in Asia

BOSTON, Jan. 29, 2013 /PRNewswire/ -- Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, announced today that Miranda Poon will represent the firm's affiliates in Asia (ex-Japan), developing institutional business efforts regionally.

"Asia is an increasingly important region of the world for our affiliates and Miranda's experience and contacts there will be instrumental in building out our global distribution efforts," said Linda Gibson, Executive Vice President and Head of Global Distribution for OMAM.  "Strengthening the reach of our affiliates' international distribution network is an integral part of our overall strategy to create value for our affiliates within a multi-boutique framework."

Previously, Ms. Poon worked as the Hong Kong-based Director of the Institutional Advisory Group at American Century Investments, where she led business development efforts in North Asia. Prior to that, she was the Vice President of Business Development, Asia ex-Japan at Pictet (Asia) Limited and Investment Director, Business Development at Standard Life Investments (Asia) Limited. She received a Bachelor of Business Administration from the Chinese University of Hong Kong and a Master of Business Administration at Hong Kong University of Science and Technology.

Ms. Poon will be responsible for marketing products and services of OMAM and its affiliates through a joint marketing effort with OMAM's sister company, Skandia Global Funds (Asia Pacific) Limited.

About Old Mutual Asset Management

Old Mutual Asset Management 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 $216.7 billion as of September 30, 2012. 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 available at www.oldmutualus.com.

About Old Mutual plc

Old Mutual is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 12 million customers in Europe, the Americas, Africa and Asia.  Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of £1.5 billion (on an IFRS basis) and had £267 billion of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com.

About Skandia Global Funds (Asia Pacific) Limited

Skandia Global Funds (Asia Pacific) Limited is a member of the Old Mutual Group. Skandia Global Funds (Asia Pacific) Limited is authorised and regulated by the Securities and Futures Commission and is licensed to carry out Type 1 and Type 4 regulated activities in Hong Kong.  Contact: +852 2810 8626 or [email protected] www.skandiainvestmentgroup.com.

SOURCE Old Mutual Asset Management