In less than two weeks, Peter Bain will take over as president and CEO of Old Mutual Asset Management (OMAN), a measure that would permanently replace the role left vacant following Tom Turpin's departure in September.
Last fall, the U.S.-based asset management arm of U.K. headquartered Old Mutual disclosed that Turpin had resigned to pursue other opportunities after eight years with the firm. At the time, OMAN explained that due to the “announcement of [its] intention to instigate a partial initial public offering,” Turpin had decided that it was “the right time to pursue other professional and personal interests.”
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