John Ventre, Francois Zagame and Stewart Cazier exit Old Mutual in reshuffle

John Ventre, François Zagamé and Stewart Cazier are leaving Old Mutual Wealth in a restructure of the multi-asset investment team following the acquisition of Quilter Cheviot.

Old Mutual Wealth says Stewart Cazier will leave the firm “to pursue other opportunities within the industry”.

Ventre and Zagamé will officially leave the firm on 16 October but will stop managing their funds as of today. 

Cazier is still negotiating his official leaving day from the firm, an Old Mutual spokesperson says.

Quilter Cheviot’s Ben Mountain and Old Mutual Wealth’s Anthony Gillham will now lead the combined 24 staff multi-asset investment team as the two multi-asset teams are merged.

A number of fund changes will occur as a result of the merger.

Gillham, who currently manages the Old Mutual Voyager Strategic Bond Fund, will also manage the Spectrum Funds range as well as the Voyager Funds range with Sacha Chorley.

The Old Mutual Voyager Global Dynamic Fund will be managed by Gillham and Lee Freeman-Shor.

There will be no changes to the investment strategies of the funds, the firm says.

This includes the Old Mutual Cirilium Funds range, the Managed fund, the Global Best Ideas and the Old Mutual European Best Ideas, the WealthSelect MPS funds, as well as the QC MPS range, which is co-managed by Mountain and Julian Menges.

Other fund ranges managed by the OMGI team remain under review, such as the Foundation and the Generation range. 

“Since QC joined Old Mutual Wealth earlier this year we have been identifying areas of complementary activity and how we can best harness the expertise of two superb investment businesses managing clients’ money,” says Martin Baines, chief investment director of Old Mutual Wealth.

“By bringing together these talents in one capability within the Old Mutual Wealth Investment Division, we will be better positioned to deliver a leading range of solutions specifically designed for different client and adviser needs in different markets in the UK and internationally.”

Mountain and Gillham will also sit on the multi-asset investment forum, which is chaired by Paul Simpson, director of investments at OMGI, giving a chance for further collaboration.

Old Mutual Wealth has acquired Quilter Cheviot for £585m in February. 

In August, star manager Richard Buxton was appointed chief executive of OMGI, after Julian Ide stepped down from the asset manager.

Additionally, Martin Baines, who was previously chief executive of Quilter Cheviot, became chief investment director of Old Mutual Wealth.