Raso will report to Brian Carroll, Head of U.S. Institutional Distribution, whom he will join in further expanding OMAM’s center-led sub-advisory efforts. He will also concentrate on further developing efforts into the defined contribution investment only (DCIO) space, and his focus will be on expanding OMAM and its affiliates’ presence in major mutual fund complexes, insurance companies, retirement platforms and select areas within the consultant market that leverage external investment management talent.
According to a press release, Raso comes to OMAM from Crosswind Investments, and brings his experience growing sub-advisory and DCIO businesses within a multi-boutique model to the firm. He previously served as Head of Defined Contribution at Artisan Partners, and as Senior Vice President at IXIS Asset Management, now Natixis Global Associates. Prior to joining IXIS in 2002, he spent more than 12 years at Fidelity Investments in various management and sales roles. Raso earned his BA in Economics from Providence College in Rhode Island.
“Mike understands how to leverage the strengths of the multi-boutique model and will be instrumental in identifying opportunities for our affiliates,” said Peter L. Bain, OMAM’s Chief Executive Officer, in the announcement. “Mike’s experience in understanding the needs of these various markets makes him the right person to help take our expansion efforts forward.”