On May 24, 2017, the Board of Directors (the “Board of Directors”) of OM Asset Management plc (the “Company”) received notice from Old Mutual plc (“OM plc”) that OM plc has exercised its rights under the Shareholder Agreement dated as of September 29, 2014 among the Company, OM plc and OM Group (UK) Ltd. (the “Shareholder Agreement”) to appoint Dr. Guang Yang as an OM plc Director (as defined in the Shareholder Agreement), effective as of May 24, 2017. Dr. Yang will explore opportunities for HNA’s investment to deliver value to the Company and its affiliates.
Dr. Yang is the CEO of HNA Capital International and the Founder, Chairman and CEO of Finergy Capital, a Beijing-based private equity fund. Dr. Yang previously spent 15 years as an Executive Vice President, Senior Portfolio Manager and Research Analyst at Franklin Templeton Investments Global Equities. He also served as the Chairman for Franklin Templeton China. Prior to joining Franklin Templeton Investments, he worked as a Research Scientist at Harvard Medical School and at Massachusetts General Hospital. Dr. Yang holds a B.S. from the University of Science and Technology of China, a Ph.D. in Neuroscience from Australian National University and an MBA from Harvard Business School. Dr. Yang is also a Chartered Financial Analyst (CFA) charterholder.
Russell Carmedy, a previous OM plc appointee to the Board of Directors, has resigned from the Board of Directors, effective as of May 24, 2017.
Dr. Yang will not receive compensation from the Company for his service as a director.
About OM Asset Management plc (NYSE:OMAM) OM Asset Management plc is a multi-boutique asset management company. The Company operates its business through its approximately seven affiliate firms (Affiliates). The Company is an indirect subsidiary of Old Mutual plc, which is an investment, savings, insurance and banking group. The Company’s Affiliates include Acadian Asset Management LLC (Acadian), Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow Hanley), Campbell Global, LLC (Campbell Global), Copper Rock Capital Partners LLC, Heitman LLC, Investment Counselors of Maryland, LLC and Thompson, Siegel & Walmsley LLC. Its affiliates offer a range of products in the United States markets equities and alternative investments, including timber and real estate. Acadian is a manager of global and international equity, fixed income and alternative strategies. Barrow Hanley is an investment manager of the United States, international and global equities, fixed income and a range of balanced investment management strategies.
OM Asset Management plc (NYSE:OMAM) Recent Trading Information OM Asset Management plc (NYSE:OMAM) closed its last trading session up +0.10 at 13.96 with 1,404,969 shares trading hands.
