Cowley to exit Old Mutual

Old Mutual Global Investors' fixed income director Stewart Cowley is to leave the group in June.

Cowley, manager of the £559m Old Mutual Strategic Bond fund, will be replaced on the portfolio by Christine Johnson and emerging market debt head John Peta as of 1 May. Cowley's £190m Managed fund, meanwhile, will be taken over by Lee Freeman-Shor and Anthony Gillham. OMGI said it will now move to a "team-based approach" across its fixed income range, in accordance with the arrival of Russ Oxley and team, who join from Ignis this month. Cowley, who has been at the group since 2009, will leave at the end of June having overseen a transition of his responsibilities. His flagship S...