OMAM Appoints Steve Belgrad as President and CEO
OMAM has appointed Steve Belgrad as President and CEO with effect from 2nd March 2018. He is also appointed to the Board of Directors with effect from 30th January 2018.
” Steve Belgrad is New President and CEO at OMAM “
In 2011, Steve joined OMAM as Executive Vice President and Chief Financial Officer, is a member of OMAM’s Executive Management Team, and sits on the board of managers of a number of Affiliates.
He joined OMAM from HarbourVest Global Private Equity, a publicly listed alternative investment vehicle, where he held the role of Chief Financial Officer. Prior, he was VP at Affiliated Managers Group and SVP, Treasurer at Janus Capital Group and spent 15 years in his early career at Morgan Stanley. He received his B.A. from Princeton University and an M.B.A. from Harvard Business School.
With the appointment of Steve Belgrad as President and CEO of OMAM, current Controller and Chief Accounting Officer, Daniel K. Mahoney will serve as OMAM’s Head of Finance, Principal Accounting Officer and Principal Financial Officer. Prior, Daniel was the Chief Accounting Officer at State Street Global Advisors and Senior Manager at PwC.
James J. Ritchie, OMAM’s Chairman and Interim CEO:
“It is with great enthusiasm that we announce Steve’s appointment as President and Chief Executive Officer. After a broad-based search that included a number of highly qualified candidates, the Board believes that Steve brings the talent and wide range of skills and experiences we need to lead our business through its next leg of growth. Since joining OMAM as Executive Vice President and Chief Financial Officer in 2011, Steve has combined an appreciation for the many strengths of our Affiliates, and a demonstrated commitment to working in partnership with them to accelerate their growth, with exceptional financial skills and a focus on maximizing shareholder value.
As my partner during the CEO transition, Steve was instrumental in the continued, disciplined execution of our growth strategy; he is a valued leader within our organization and has a clear vision for driving our business forward. With an industry background that includes senior management roles in traditional, multi-boutique and private equity asset management firms, Steve is widely known and highly regarded across the sector. Steve has the respect and support of our Board and our company, and we look forward to his tenure as President and CEO.”
Steve Belgrad, President and CEO (effect from 2nd March 2018):
“I am honored the Board has selected me to serve as President and CEO. It is a vote of confidence in our entire organization. From my discussions with the Board, it is clear that we have a shared vision for the future growth of our business that is grounded in our unique partnership approach. Our business has performed well and made strong progress during this interim period; looking ahead, with an outstanding group of Affiliates supported at the Center by our experienced Affiliate Management and Global Distribution teams, led by Aidan Riordan, and a strong balance sheet, we are well positioned for continued growth internally and through additional acquisitions.
We are committed to growing and diversifying our business, and believe we provide a compelling value proposition and home for traditional and alternative boutique asset managers. I am grateful for this opportunity, and look forward to working with our Affiliates, the Board, and our entire team at the Center.”
Source: Official Press Release
OMAM is a global, multi-boutique asset management company with approximately $243 billion of assets under management as of December 31, 2017. Its diverse Affiliates offer leading, alpha generating investment products to investors around the world. OMAM’s partnership approach, which includes equity ownership at the Affiliate level and a profit sharing relationship between OMAM and its Affiliates, aligns the interests of the company and its Affiliates to work collaboratively in accelerating their growth. OMAM’s business model combines the investment talent, entrepreneurialism, focus and creativity of leading asset management boutiques with the resources and capabilities of a larger firm.