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OMAM appoints Peter L Bain as president and CEO

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Old Mutual Asset Management (OMAM), the US-based international asset management business of Old Mutual plc, has appointed Peter L Bain as its new president and chief executive officer.

Peter Bain brings significant experience in the investment management industry and specific experience growing a multi-boutique investment organisation. He was previously Senior Executive Vice President for Legg Mason, where he worked from 2000 to 2009, most recently serving as Head of Affiliate Management and Corporate Strategy. Prior to joining Legg Mason, Peter Bain was an M&A banker for Merrill Lynch & Co and later for Berkshire Capital, where he advised clients on acquisitions and other strategic transactions involving investment management firms.

Julian Roberts, Group Chief Executive, says: “This appointment is a key milestone for OMAM’s growth plans. I amvdelighted that someone with Peter’s successful track record of growing a diversified investment business has agreed to lead the company. We are confident that he has the right qualifications and experience to drive OMAM’s success and growth strategy.”

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