Nick Hamilton, head of institutional business at Colonial First State in Sydney, is to return from Australia to work at Oakley Capital Management in the retail asset management business that Neil Woodford will run when he joins on 1 May 2014.
Prior to joining Colonial First State, Hamilton spent nine years as head of global equity products at Invesco Perpetual.
The appointment follows the news that Craig Newman, former head of sales at Invesco Perpetual has joined Oakley Capital Management as head of retail asset management.
Newman says: “Nick brings a wealth of experience in growing assets, building businesses and leading teams. Nick shares our vision of building a market leading asset management business of the future.”
Oakley Capital Management is providing the infrastructure which will allow the team to manage retail and institutional clients’ money from the beginning of May 2014. This transitional arrangement will provide an environment in which the team can have the autonomy and flexibility to best serve the interests of clients’ money immediately after Woodford’s employment with Invesco terminates on 29 April 2014.
Exact details about the firm and its offerings will follow in due course, but Woodford’s unconstrained, fundamental and disciplined approach to investing will remain the same.