Brian Carroll was promoted to head U.S. institutional distribution at Old Mutual Asset Management, and Paul Williams was promoted to head of non-U.S. distribution, confirmed Matthew J. Appelstein, executive vice president and head of global sales and marketing.
Both positions are new.
Mr. Carroll was director of subadvisory services, overseeing the firm’s defined contribution-investment only effort. He will retain those responsibilities and assume oversight of Old Mutual’s consultant relations efforts as well.
Mr. Williams, who oversaw Old Mutual’s European distribution efforts, will add the Middle East to his purview as well.
Separately, Mark Bentley was named senior vice president of retail distribution, leading Old Mutual’s continuing efforts to distribute Old Mutual-branded mutual funds and separately managed accounts into the RIA, family wealth office and bank trust channels, primarily through professional buyers. That position is new.
Mr. Bentley was managing director and RIA channel national sales manager for Rydex SGI. Rydex spokeswoman Dawn Kahler couldn’t immediately be reached for comment.