OMGI's Lilley exits amid European equity desk reshuffle

Lilley worked at OMGI for five years

European equities fund manager Kevin Lilley is to leave Old Mutual Global Investors with his two funds being taken over by Ian Ormiston and Liam Nunn.

Lilley (pictured) joined OMGI in 2011 from Royal London Asset Management where he was also part of the European equities team. As a result of his departure, the £100m Old Mutual European Equity (ex UK) and €36m European Equity funds will be taken over by Ian Ormiston and Liam Nunn. Nunn, who joined OMGI in January 2015, is currently European Equity assistant fund manager. Investors fear eurozone problems 'bubbling under the surface' despite Italian bank rescue The investment policies and objectives of the funds remain unchanged. They will also continue to work on the €256m Old M...