Morley boosts pan-European equities team

Article date: 1 September 2003

Morley Fund Management, one of the UK’s largest fundmanagers, has made two appointments to boost its fund managementstrength in pan-European equities. David Shapiro and Daniel Robertshave joined as value fund managers specialising in UK equities.

David Shapiro joined from UBS Global Asset Management where heworked since 1998 as a Pan European Sector Analyst and previously afund manager. Prior to UBS, he held a number of fund manager andanalyst roles at companies including the UniversitiesSuperannuation Scheme, Manulife Investment Management andGirozentrale Gilbert Elliot.

Daniel Roberts joined in July from Invesco Asset Managementwhere he was a UK fund manager and Pan European Equity Analyst.Prior to Invesco he worked at M&G Investment Management as ananalyst and trainee fund manager. He has also worked in market riskmanagement at JP Morgan and as an audit manager forPriceWaterhouseCoopers.

David will head up the UK value team and report to Mike Bishop,Head of Pan European Equities. Daniel will report to David and thepair will work alongside European equity fund managers Rita Dhutand Philip Parker who already manage a selection of continentalEuropean funds on a value basis.

Although traditionally a GARP (Growth at a Reasonable Price)house, Morley also has specialist value managers who run a numberof funds with a value style. These can be stand-alone funds orparts of larger portfolios that are organised on a core-satellitebasis. David and Daniel will manage funds worth £3 billion,including value satellites for Morley’s life companyportfolio and unit-linked pension funds.

Commenting on the appointments, Mike Bishop, Head of PanEuropean Equities at Morley, said: “We are delighted thatfund managers of the calibre of David Shapiro and Daniel Robertsare joining the Pan European team at Morley. Their focus oninvesting in UK equities using a value style will add an extradimension to our team, which will particularly benefit our life andpension clients.”


For further information please contact:
Fiona Baker,
Head of Corporate Communications,
Morley Fund Management
020 7809 8617

Notes to editors Morley Fund Management

  • Morley Fund Management (‘Morley’) is anindependently managed, London based, asset management businesswith over £100 billion under management (as at 30.06.03). Itactively manages a diverse range of asset classes and employs over1000 personnel worldwide based in London, Singapore and anassociate office in Boston*.
  • Morley is a wholly owned subsidiary of the Aviva group andmanages both institutional and retail funds under the Morleybrand. It also acts as investment manager for a range of retailinvestment funds, marketed in the UK by Norwich Union, andinternational funds marketed under the Aviva Funds brand.

Fund Manager of the Year - Pensions Week Awards 2002
Specialist Manager of the Year - UK Pensions Awards 2002
Insurance Fund Manager of the Year (awarded to Norwich Union) -Standard and Poor’s 2002
Sustainable and Ethical Investment and Asset Management Award -Liveable City Awards 2002
Pensions Management Provider Awards 2002 – Commended for BestSRI Fund Manager and Best Fixed Income Fund Manager

*Morley Fund Management International Limited, an Avivacompany

Further information about Morley Fund Management can be found

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