OMGI poaches Nomura trio to set up EM equities desk

Bringing EM fund in-house

Old Mutual Global Investors (OMGI) has hired a trio of managers from Nomura Asset Management to set up a new global emerging markets equity desk, while also planning to move its EM fund in-house.

Nick Payne, Salman Siddiqui and Liz Fernandes will form the business's new global emerging markets equity desk.  The trio, headed by Payne, worked together for three years, most recently on the Nomura Global Emerging Markets Equity fund.  The hires mean the firm's existing emerging markets fund, which has been outsourced to Fisher Asset Management for the last six years, will be brought in-house. This will take effect on 21 July, subject to regulatory approval. OMGI rebrands multi-asset Spectrum range amid raft of changes The mandate of the $244m Old Mutual Global Emerging Marke...