Based in Boston, the headquarters for OMAM, Bain will assume the CEO role on 22 February. Linda Gibson, the interim CEO for OMAM, will resume her prior role as chief operating officer.
Bain brings significant experience in the investment management industry and specific experience growing a multi-boutique investment organization.
Previously, Bain was senior executive vice president for Legg Mason, where he worked from 2000 to 2009, most recently serving as head of affiliate management and corporate strategy.
Prior to joining Legg Mason, Bain was an M&A banker for Merrill Lynch & Co and later for Berkshire Capital.
Old Mutual group chief executive Julian Roberts said this appointment is a key milestone for OMAM’s growth plans.
"We are confident that he has the right qualifications and experience to drive OMAM’s success and growth strategy," Roberts said.
