Nash joined OMGI on Monday 27 June, reporting to Christine Johnson, head of fixed income. He joins from Invesco Asset Management where he was head of global multi-sector portfolio management.
Nash’s responsibilities include providing guidance and leadership on developed-market government bonds to the fixed income team. His former colleague Nick Wall will also join the firm on Monday 4 July as portfolio manager.
The hires are in line with the fixed income expansion strategy initiated by Johnson in March 2015, with the appointment of John Peta as head of emerging market debt, and the promotion of Tim Barker to head of credit in December 2015.
The appointments also mean that a third area of specialism is created within the OMGI fixed income division, the firm said. It reinforces the company’s fixed income philosophy - that due to the growing interconnectedness of markets, having specialists who work closely with one another in each of the major areas of fixed-income (credit, EMD and government bonds), is crucial to adding value for clients, it added.
“Economic linkages have arisen between the developed and emerging markets, the actions of central banks have profoundly affected the credit markets, and as a result, the return profiles of different fixed income assets have shifted markedly,” said Johnson.
“Embracing these changes and appreciating how they influence the investment process is at the heart of delivering long-term value for clients,” she added.
“Mark and Nick bring with them a vast amount of knowledge and experience and are extremely well thought of in the industry. Through their management of the Old Mutual Global Strategic Bond Fund they will aim to deliver consistent returns for clients by rotating between the different fixed income assets,” continued Johnson.
Nash will become lead manager of the Old Mutual Global Strategic Bond Fund from 1 August 2016, taking over from Johnson and Peta.
“Mark is a highly respected fixed income investor, with an outstanding track record of managing global bond funds,” added Richard Buxton, CEO of OMGI.