
OMGI's Asian equities head Crabb departs; Global equities team to run funds
Crabb joined in 2014

Old Mutual Global Investors' (OMGI) head of Asian equities Josh Crabb and his team in Hong Kong are set to leave the firm following a review of the fund range.
The firm's global equities team, headed by Ian Heslop, will take over the $180m Old Mutual Pacific Equity and the $421m Old Mutual Asian Equity Income funds from Crabb, who is leaving the business in May to pursue other opportunities.
The Hong Kong team departing also comprises of Taylor Connaughton and Kris Whitlock.
Crabb (pictured) joined OMGI as Asian equities head from BlackRock in 2014. He has over 20 years' experience with firms such as Prudential Asset Management and Bankers Trust.
The investment approach on the funds will be changed to reflect the systematic investment process of the global equities team as opposed to the current bottom-up approach.
This means stocks will be assessed in terms of valuation, quality, price trends, stable growth, prospects, sentiment and company management.
There will be no changes to the fund's ongoing fees.
Diamond Lee leaves OMGI after 20-year fund management career
Warren Tonkinson, managing director at OMGI, said: "As a part of our regular fund review process we look to identify opportunities to add value for clients.
"We are confident that investors in the Old Mutual Pacific Equity fund and the Old Mutual Asian Equity Income fund will benefit from the vast experience of the global equities team, who have consistently demonstrated outperformance in this asset class.
"We would like to thank Josh and the team for managing the funds until now and wish them the best for the future."
The group added it will retain a distribution presence in Hong Kong.
More news
Fidelity Asian Values board to implement variable management fee
Effective from 1 August
AIC expands universe with new UK REITs and SFS-listed trusts
10 new members
Ashburton looks to Fidelity for multi-asset fund selection
Strategic partnership between firms
Invesco to give up Enhanced Income trust over fee disagreement
12 months' notice
EY Item Club: Bank of England to hike rates twice this year
Hawkish outlook