Old Mutual Global Investors, part of Old Mutual Wealth, has a newly created Singapore based role of Managing Director for Commodities.
Diego Parrilla joined the business on 8 August, in his new position he will report into Paul Simpson, Investment Director at Old Mutual Global Investors (OMGI). Parrilla (pictured left) will initially be responsible for promoting and building the 60 million pounds Old Mutual Gold & Silver Fund to the Institutional investors in Singapore and other markets in which OMGI operates.
He will also be working with OMGI’s management team to identify absolute return strategies across precious metals and commodities that are aligned with the strategic direction of the company and with client demand and market suitability. The Old Mutual Gold & Silver Fund launched in March 2016 and is managed by Ned Naylor-Leyland.
A Hedge Against the Impact of Modern Monetary Policy
Parrilla was previously with Dymon Asia Capital, where he worked from August 2015 having previously held a number of investment and distribution positions during his career, including portfolio manager at BlueCrest Capital Management; managing director and head of commodities, Asia Pacific at Merrill Lynch, and managing director and global head of commodity sales at Merrill Lynch. Prior to this he was an executive director in the commodities division at Goldman Sachs, and started his career as a precious metals trader at J.P. Morgan in London in 1998.
«Diego Parrilla is a highly accomplished and respected investor and commodities economist, and we’re thrilled to welcome him to the team. At OMGI we recognise that precious metals have become an increasingly important asset class as investors look to hedge against the impact of modern monetary policy,» said Richard Buxton, CEO of OMGI.
