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OM Asset Management becomes BrightSphere, authorizes buyback plan

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OM Asset Management becomes BrightSphere, authorizes buyback plan

OM Asset Management plc has completed the previously announced rebranding and will now conduct business as BrightSphere Investment Group plc.

In addition, the board has authorized the company to continue to repurchase shares pursuant to its existing $150 million stock repurchase program, of which the company has approximately $138 million remaining available for repurchases.

BrightSphere is a multiboutique asset management company with approximately $243 billion of assets under management as of Dec. 31, 2017.