Tom Turpin stepped down as president and CEO of Old Mutual Asset Management (U.S.) to pursue other opportunities, confirmed London-based spokesman Patrick Bowes.
That decision came as parent company Old Mutual PLC is gearing up to pursue an IPO for OMAM sometime between 2011 and 2012, he said.
Mr. Bowes said he has no information on Mr. Turpin’s plans. Efforts to reach Mr. Turpin were unsuccessful.
Executive Vice President and COO Linda Gibson will also replace Mr. Turpin on an interim basis while a search for Mr. Turpin’s replacement is conducted. Mr. Bowes said he has no information on whether Ms. Gibson will be among the candidates considered for the job on a permanent basis.