(updated with correction)
Linda T. Gibson was named executive vice president and head of global distribution at Old Mutual Asset Management, confirmed company spokesman Doug Hesney.
Ms. Gibson replaces Julian Ide, who will remain CEO of the company's combined sister businesses Old Mutual Asset Managers UK and Skandia Investment Group.
Ms. Gibson was COO and head of affiliate management. She will not be replaced as COO; Aidan J. Riordan, senior vice president and director of affiliate management, was promoted to executive vice president and head of affiliate management. Mr. Riordan won’t be replaced.