Old Mutual Global Investors has appointed a new head of distribution for Asia following a review of its Asian strategy.

As a result of this review, Jane Fung, managing director of Asia, will leave the company to pursue other career opportunities.

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The company said that the details of the new head will be announced as soon as the required regulatory procedures are completed.

Warren Tonkinson, head of global distribution at Old Mutual Global Investors, said: "We would like to thank Fung for the valuable contribution that she has made in helping to grow the company in Asia over the last 12 years and wish her every success for the future."

According to Old Mutual, Warren Tonkinson will be responsible for distribution in Asia until the new head take up the role in November 2013.

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