As its parent goes public, a 45-year-old Old Mutual Asset Management boutique is shaking up its leadership team.

Today Lawrence Gibson, 63, reveals that he is stepping down as co-CEO of Richmond, Virginia-based Thompson, Siegel & Walmsley, handing the full CEO reins to co-CEO Horace Whitworth, 58. Gibson will continue to serve as chairman of the OMAM subsidiary's board of managers. And Gibson unveiled a host of other TS&W leadership changes, too.

TS&W specializes in value investing, across U.S. and international equity, fixed income, and alternative investments and strategies. As of June 30, TS&W had about $10.2 billion in assets under management, 4.75 percent of OMAM's total AUM. By August 31 TS&W's AUM rose to about $11 billion. It subadvises open end mutual funds, and also works with institutional and high net worth clients.

Whitworth's consolidation of the CEO role isn't the only change at the top of TS&W. Frank Reichel, 50, formerly chief investment officer of TS&W, rises to president. PM Brett Hawkins, 43, succeeds Reichel as CIO, and will continue to co-PM the small/mid cap value strategy alongside Reichel. Hawkins also co-PMs the small cap value strategy.

Research analyst Roger Porter, 42, will co-PM the TS&W small cap value strategy alongside Reichel.

Operations director Lori Anderson, 55, and business development director John Reifsnider, 50, both will fill brand new seats on TS&W's board of managers, increasing the board's size to seven. 

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