OppenheimerFunds has announced the appointment of Doug Stewart as Head of European, Middle East and Africa Distribution, based in London. The appointment represents a further expansion of OppenheimerFunds’ International Distribution platform, which also includes the launch of a UCITS-Fund platform. Stewart will be responsible for marketing and distribution efforts throughout Europe, the Middle East and Africa. He will report to Steve Paddon, Head of Institutional & International at OFI Global Asset Management, Inc., a subsidiary of OppenheimerFunds serving institutional investors and consultants throughout the world.
Paul Eisenhardt, Head of International Distribution (ex EMEA), is responsible for the distribution of international solutions and developing client relationships in Canada, Latin America and the Asia-Pacific region. Eisenhardt also reports to Paddon.
The launch of OppenheimerFunds ICAV, an Ireland-domiciled UCITS platform and its sub-funds will focus on investment opportunities in global and developing markets equities, providing new choices to clients and deepening relationships with consultants and investment platform providers. The first of these strategies to become available is the company´s flagship global value, global equity and developing markets equity funds which launched last week.
“We are pleased to bring some of our most compelling investment strategies to an international audience, to help meet the needs of our evolving client base,” said Art Steinmetz, Chairman and CEO of OppenheimerFunds.
“Expansion to non-U.S. markets is a core element of our long term engagement with institutional investors,” said John McDonough, the firm´s Head of Distribution. “We’re delighted to welcome Doug to the team as we build our reach globally, and continue our focus on developing long-term client-centric solutions that differentiate us in the marketplace.”
Paddon added, “Doug and Paul’s appointments deepen the talent base of our dedicated institutional team, with their proven track records working across a variety of client segments. We look forward to increasing our engagement with institutional clients internationally by building access to our investment capabilities.”