OMGI to scrap COO role as Nathan departs

Firm to enhance areas like operational risk

Old Mutual Global Investors (OMGI) has decided not to fill the position of chief operating officer after the departure of Paul Nathan.

Nathan, who joined Old Mutual in January 2012, left his role at the firm on 31 August to explore other opportunities.  He had previously worked at Old Mutual from September 2000-2009 as director of risk and then chief operating officer before leaving to work as COO at Said Business School. Will Old Mutual UK Alpha suffer as Buxton takes up CEO role? Old Mutual has now decided not to replace Nathan's role following a review of its operations function. Instead, it will enhance areas such as finance, IT and operational risk.  The firm has made several changes to its management rece...