Neil Woodford's new venture Oakley Capital Management has confirmed that Nick Hamilton will be joining as chief operating officer. Hamilton is currently employed by Colonial First State in Sydney, but will be returning to London to join Woodford in May this year.
Prior to his position at Colonial, Hamilton was head of global equity products for nearly a decade at Invesco Perpetual. Woodford has also hired Invesco's head of sales, Craig Newman as Oakley's head of retail asset management.
Newman said that Hamilton brought "a wealth of experience in growing assets, building businesses and leading teams".
He continued: "Nick shares our vision of building a market leading asset management business of the future."
Last month Woodford confirmed he will be joining Oakley Capital to run their retail asset management business from May 1. Oakley Capital is an asset management and financial advisory business, led by internet entrepreneur Peter Dubens. Invesco Perpetual is currently the largest shareholder of Oakley Capital. Oakley has more than $1 billion assets under management, and owns the Time Out group of publications. It is expected that Woodford will be involved in the running of Oakley's private equity arm.
Woodford will leave Invesco on April 29 after 25 years employment. At the time of quitting, assets under management totalled £24 billion between Woodford's two income funds. But since the announcement the funds have seen mass outflows.
A statement from Oakley today confirmed that exact details about the firm and its offerings will follow in due course. But investors can expect Woodford’s "unconstrained, fundamental and disciplined approach to investing will remain the same".