Old Mutual has been awarded the Best African Fund Manager award at the African investor CEO Institutional Investment Summit and Index Awards 2014, a prestigious ceremony which took place at the New York Stock Exchange.
The Africa investor (Ai) Awards are unique pan-African business and capital market investment awards that recognise and reward the achievements of the private sector including stock markets, regulators, listed companies, fund managers, stockbrokers and analysts who follow African equities. Alongside each annual Africa investor Institutional Investment Summit, Ai offers a set of awards to that focus on the capital market successes across Africa.
Old Mutual Investment Group Director of Investments, Hywel George says that the asset manager is immensely proud of this achievement. “As the largest private investment manager in Africa, Old Mutual has a large African footprint, with a full complement of both listed and unlisted capabilities across the continent,” he explains. “With access to in-country expertise and contacts, we continue to ensure that our customers benefit from the outstanding investment potential of Africa’s stock exchanges, via both actively managed and index-tracker funds.”
Old Mutual was chosen as the winner of ‘Best African Fund Manager 2014’ from a list of eight shortlisted candidates which included FBN Capital Asset Management, Investec Asset Management, Franklin Templeton Investments, Momentum Asset Managers, Emerging Capital Partners, Ashmore Group and Soros Fund Management.
“It’s always an honour to be recognised for our work in Africa,” says Old Mutual Africa Managing Director, Johannes Gawaxab. “Old Mutual has a long history of investing in Africa through retail and institutional life and pension funds. In addition to the contribution to growth and development in the region, our customers have also been rewarded with good returns. The African investor award motivates our business in its continued objective to become an African Financial Services Champion while growing our other emerging market businesses.”
Delegates at the Awards ceremony included heads of African stock exchanges, leaders at the United Nations, Public Investment Corporation, large pension funds, the World Bank, the Central Bank of Central African States and CEOs, as well as senior government ministers in Africa.