Ignis

'We will never be reliant on our platform'

Old Mutual Global Investors (OMGI) has hired former Ignis manager Russ Oxley to lead a newly-appointed fixed income absolute return team, Investment Week can reveal.

Ignis Absolute Return Government Bond fund manager Ross Oxley and two members of his team are to exit the business following its £390m takeover by Standard Life, Investment Week understands.

Former Ignis manager Ian Ormiston has joined Old Mutual Global Investors to develop and run a new European Smaller Companies fund.

Standard Life Investments has cut fund manager jobs across 15 Ignis equity funds after handing the portfolios to its own managers following its takeover of the group.

Having benefited from a 20-year bull market, fixed income investors are now facing headwinds amid the debate surrounding the removal of global liquidity and the prospect of interest rates moving higher in the near-future.

Former Ignis Asset Management head of credit Chris Bowie is to join TwentyFour Asset Management as the boutique builds on recent success in the fixed income space, Investment Week can reveal.

Standard Life Investments has recruited a manager from SWIP to run its European Smaller Companies fund, raising questions over whether Ignis' Ian Ormiston will make the move to SLI.

Ignis' global head of distribution Claude Chene has followed Chris Samuel in exiting the business following its takeover by Standard Life Investments.

Standard Life Investments (SLI) announced today it has completed its takeover of Ignis Asset Management following regulatory approval.