Old Mutual Names William Tsotsos To Lead Institutional Sales Efforts In Canada

-- Experienced marketing professional with strong relationships across Canada to expand capabilities in the Canadian institutional marketplace --

BOSTON, Aug. 20, 2013 /CNW/ - Old Mutual Asset Management (OMAM), the U.S.-based global asset management business of Old Mutual plc, announced today that William Tsotsos has been named Senior Vice President and Head of Canada to lead the organization's marketing efforts in the Canadian institutional marketplace.

In his new role, Mr. Tsotsos will focus on introducing the diverse investment capabilities of OMAM's nine affiliate firms to institutional investors through the plan sponsor, consultant and sub-advisory channels. OMAM's affiliates specialize in a wide range of investment strategies including: U.S. growth and value equity products; global, international, emerging market equity and fixed income solutions; and a number of alternative investments. These strategies are offered through leading boutique asset managers including: Acadian Asset Management, Barrow Hanley Mewhinney & Strauss, The Campbell Group, Copper Rock Capital Partners, Echo Point Investment Management, Heitman LLC, Investment Counselors of Maryland, Rogge Global Partners and Thompson, Siegel & Walmsley.

"Bill's long-term industry experience and deep relationships with institutional investors across the Canadian marketplace will provide our affiliates with meaningful growth opportunities in Canada," said Brian Carroll, Head of North American Distribution for OMAM. "Adding Bill to the team of seasoned marketing professionals is an important step in the strategy to expand Old Mutual's centralized distribution efforts in key regions around the globe."

Mr. Tsotsos joins Old Mutual Asset Management International after five years as a Managing Director at Baring Asset Management, where he served as senior relationship director responsible for business development, consultant relations and client service in Canada and the U.S. Prior to that, he was Director of Institutional Sales at Scotia Cassels Investment Management Ltd. Mr. Tsotsos has also held senior sales and client service positions at PIMCO Canada and Standard Life Investments Inc. He is a Chartered Financial Analyst and holds a B.A. from the University of Toronto and an M.B.A. from Queens University.

About Old Mutual Asset Management

OMAM is a global multi-boutique investment organization, managing and growing a diverse portfolio of asset managers that serve institutional investors around the world. The assets under management of OMAM's affiliated investment firms were $229.8 billion as of June 30, 2013. 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 about OMAM, its member firms, and their investment teams and strategies, is available at www.oldmutualus.com.

About Old Mutual Asset Management International

Old Mutual Asset Management International (OMAM International) provides sales and marketing support for Old Mutual Asset Management outside the United States. OMAM International is authorized and regulated by the Financial Conduct Authority of the United Kingdom and works with affiliates to provide investor introductions and to raise capital from institutional investors. OMAM International professionals help coordinate access to Old Mutual's institutional asset management capabilities for pension funds, insurance companies, sovereign wealth funds, investment consultants and global financial institutions. More information about OMAM International is available at www.oldmutualus.com.

About Old Mutual plc

Old Mutual provides life assurance, asset management, banking and general insurance to more than 14 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.

In the year ended 31 December 2012, the Group reported adjusted operating profit before tax of £1.6 billion (on an IFRS basis) and had £262 billion 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

For further information:

Dukas Public Relations, Doug Hesney, doug@dukaspr.com, 212-704-7385

http://www.oldmutualus.com