woodford to join oakley in may

It has been confirmed that Neil Woodford will be joining Oakley Capital Management on 1 May 2014 as he prepares to leave Invesco Perpetual after 25 years.

woodford to join oakley in may

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Oakley said in a statement that its infrastructure would allow Woodford to run retail and institutional client assets immediately after his employment terminates with Invesco on 29 April.

He is currently overseeing a six-month handover with Mark Barnett, who will take on responsibility for running Woodford’s portfolios, valued at more than £20bn.

Oakley Capital, which is led and wholly owned by director Peter Dubens and registered in London’s Chelsea, is responsible for almost £2bn AUM, according to its results to 31 December 2012.

Oakley describes itself as an asset management and financial advisory business that is “focused on understanding investors’ interests and requirements, while retaining the flexibility to move quickly and decisively in response to their needs.”

UK equity income veteran Woodford is expected to create his own boutique, backed by the Oakley infrastructure, with further details expected shortly.

“We fully support [Neil's] desire to create his own transformational asset management business soon after joining Oakley Capital. We will fully support the transition and in the meantime we will provide an environment in which Neil can have the autonomy and flexibility to best serve the interests of clients,” Dubens said.

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