People moves

Distribution chief appointed at combined Old Mutual and Skandia business

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Warren Tonkinson has been appointed global head of distribution at Skandia Investment Group and OMAM following the decision by Old Mutual Group to merge the two asset management businesses.

Old Mutual manages a number of alternative UCITS and hedge funds, while Skandia invests in a number of alternative UCITS strategies via its Best Idea series of funds and has a tie-up with hedge fund manager Aspect Capital.

The new business is going through the merger process and has yet to be named; it is headed by OMAM chief executive Julian Ide.

Tonkinson has more than 17 years of retail