Old Mutual on verge of major reshuffle

Old Mutual is executing a major fund manager reshuffle which includes the departure of Asian manager ...

Old Mutual is executing a major fund manager reshuffle which includes the departure of Asian manager Suresh Sadasivan, Investment Week understands. Fixed-interest head Andrew Tunks is to take over the group’s multi-asset funds, including the £134m Select Managed fund, from Tracey Lander. Global Strategic Bond deputy manager Richard Stevens is being promoted to lead manager and previous lead Tunks will switch to deputy. And Old Mutual Asian Select manager Suresh Sadasivan is leaving in six months. The group has confirmed major changes are imminent but has declined to disclose further ...