Old Mutual Asset Management Appoints Pascal Vernaeve Head of Benelux Sales

BOSTON, July 17, 2012 /PRNewswire/ -- Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, announced today that it has named Pascal Vernaeve as Head of Benelux Sales. The appointment further strengthens one of OMAM's core strategies of building institutional distribution capabilities in key global markets to achieve superior growth prospects for its affiliates. 

In this new role, Mr. Vernaeve will focus on marketing the investment strategies of OMAM's affiliates to institutional investors, consultants and platforms in Belgium, the Netherlands and Luxembourg (e.g. "Benelux"). He will be based in London and will report to Olivier Lebleu, OMAM's Head of Non-US Distribution. 

"Benelux is an important region for our affiliates' global expansion and Pascal's strong investment acumen and granular knowledge of the region's key players are huge assets for our team," said Linda Gibson, OMAM's Executive Vice President and Head of Global Distribution. "I am extremely pleased with the progress of our global strategy to date and look forward to expanding our footprint into Asia, Australia and the Middle East."

Prior to joining OMAM, Mr. Vernaeve was a Manager for Institutional Clients covering Benelux institutions at Man Group plc.  Before joining Man Group, he worked as an Associate Investment Consultant at Towers Perrin. Mr. Vernaeve holds a Bachelor of Science in Aerospace Engineering and a Master of Science in Management from Nyenrode Business University in the Netherlands.

About Old Mutual Asset Management

Old Mutual Asset Management (OMAM) is a global multi-boutique investment organization, managing and growing a diverse portfolio of asset managers that serve institutional and individual investors around the world. The assets under management of OMAM's affiliated investment firms were $221 billion as of March 31, 2012. OMAM is the name through which Old Mutual (US) Holdings Inc. conducts its U.S. asset management business. Its parent company is London-based Old Mutual plc. More information on OMAM, its member firms, and their investment teams and strategies, is available at www.oldmutualus.com. 

About Old Mutual plc

Old Mutual is an international long-term savings, protection and investment Group.  Originating in South Africa in 1845, the Group provides life assurance, asset management, banking and general insurance to more than 12 million customers in Africa, the Americas, Asia and Europe.  Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2011, the Group reported adjusted operating profit before tax of 1.5 billion pounds Sterling (on an IFRS basis) and had 267 billion pounds of funds under management from core operations.

For further information on Old Mutual plc, please visit the corporate website at www.oldmutual.com  

SOURCE Old Mutual Asset Management