OMGI's Ide: 'We need to stop punching below our weight'

BIG INTERVIEW

Old Mutual Global Investors has ambitious plans to become one of the largest asset management businesses in the UK. Chief executive Julian Ide outlines the firm's five-year plan to Kyle Caldwell.

Over the past 12 months, the newly rebranded Old Mutual Global Investors (OMGI) has overhauled its business model, unifying its two asset management businesses to sit under one brand. The move is a statement of intent from the group to become a bigger player in the UK marketplace, while the news star UK manager Richard Buxton will also join in the summer from Schroders is another massive boost.  The division's restructure has seen Skandia Investment Group merge with Old Mutual’s asset management arm, six years after Old Mutual acquired Skandia in a £3.6bn deal.  Its platform busine...