Message (pictured) joined Old Mutual in 2008 as a senior analyst in the group's large cap team. A year later he replaced Michael Gifford on the firm's equity income and extra income funds.
Meier, who has worked at OMGI since 2013 as a research analyst and portfolio manager, will take his place and report into Simon Murphy, head of large cap UK equities.
Meier will continue to be a member of the UK Alpha team in addition to managing the fund.
The investment objective and policy of the fund will not change, investing in around 50-60 stocks and aiming to deliver growing income with capital appreciation.
Richard Buxton, head of UK equities and CEO, said: 'We recognise the important role that UK equity income funds can play in many investors’ portfolios and are committed to building a leading capability in this area.
'We believe investors in the Old Mutual UK Equity Income fund will benefit from Ed’s proven stock-picking and portfolio management skills, as well as the portfolio construction abilities of OMGI’s highly experienced UK equities team. We believe that under Ed’s management there is a significant opportunity for us to attract further investment to the fund, which is in a sector dominated by a small number of asset managers.'
The UK Equity Income fund has returned 2.3% and 15.4% over one and three years compared to a sector average of 4.1% and 16.8% respectively.