Old Mutual Global Investors (OMGI) has promoted Nick Williamson (pictured) to lead manager on the £136.7 million Old Mutual UK Smaller Companies Focus fund.

Williamson takes over from current lead manager Dan Nickols, who will continue as lead manager on the £802.5 million Old Mutual UK Smaller Companies fund. Williamson will remain deputy manager on this fund.

The change will take effect from 1 January 2016 and OMGI says the promotion comes with the organisation's desire to offer career growth opportunities.

Williamson, at OMGI since 2008, has been deputy on the funds January 2014. Prior to OMGI he was a sell side analyst for more than 10 years.

'I have been working with Nick since he joined Old Mutual Global Investors in 2008,' said Citywire AA-rated Nickols. 'He has a great deal of stock market experience across a range of sectors, and I am very pleased that we are able to offer this career development opportunity.

'This progression is entirely consistent with the team ethos of bringing on internally cultivated talent.'

Over one year to the end of September, the Old Mutual UK Smaller Companies Focus fund returned 16.14% and the Old Mutual UK Smaller Companies fund returned 15.02%. Both funds' sector average, the UK Smaller Companies sector, returned 11.91%.