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Peter Bain, Old Mutual AM, interview
20 May 2013
Old Mutual's Peter Bain talks to Andrew Sheen about the benefits of the multi-boutique asset management model and restructuring for growth
Boston-based Old Mutual Asset Management is a multi-boutique firm with affiliates strategically placed around the world. It comprises nine majority-owned affiliate asset managers based in the US, UK, Europe and Asia, with a diverse range of investment capabilities ranging from traditional US equities to timber management at the end of 2012. Combined assets under management (AuM) were $209bn.
For Peter Bain, Old Mutual Asset Management's president and chief executive, the time is right for the multi-boutique approach to asset management. "I'm a big believer in the multi-boutique model. It's an area that people are beginning to pay attention to. The market has identified certain multi-boutiques that are well structured. When multi-boutique asset management is well-executed, it's a very compelling proposition," he says.
Old Mutual Asset Management is structured in such a way as to act as a central hub, providing strategic support for its affiliates. Bain says: "Old...
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