Article date: 20 May 2005
Morley Fund Management has promoted Peter Michaelis to theposition of head of socially responsible investment (SRI). Peterassumes overall responsibility for the nine-strong SRI team atMorley.
Peter joined Morley in December 2000 from Henderson Investors.He had spent a year at Henderson as an SRI fund manager havingworked for British Steel as a senior environmental engineer aftercompleting a PhD in Environmental Economics.
Peter’s promotion follows the decision by Clare Brook tostep down as head of the SRI investment team to focus exclusivelyon business development for Morley’s SRI business.
Peter Michaelis, head of SRI at Morley Fund Management, said:"I’m delighted to be taking charge of one of the City’sleading SRI teams. We have a great track record in managing a broadrange of SRI funds and there are fantastic opportunities to buildon this to expand our funds under management."
Clare Brook, director of SRI at Morley, said: "We are seeingsignificant interest from pension funds, charities and unions inSRI investment and I’m looking forward to using my SRIinvestment background to help develop and advise on sustainableinvestment solutions."
Katherine Garrett-Cox, chief investment officer at Morley FundManagement, said: "We have two clear goals within our SRI team:delivering strong investment performance and growing our fundsunder management. With Peter focusing on fund management andinvestment style and Clare’s unrivalled experience in theindustry spearheading our SRI business development, we are wellplaced to capitalise on the increasing number of SRI opportunitiesthat we are seeing in the market."
Clare’s fund management responsibilities will be split inthe following ways:
Previous Fund Manager
New Fund Manager
Sustainable Future UK Growth
Sustainable Future Managed
Sustainable Future Global Growth
The following funds have no change in fund manager:
Sustainable Future European Equity
Sustainable Future Corporate Bond
Norwich UK Ethical
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For further information please contact:
Fiona Baker,head of corporate communications 020 7809 8617
Notes to editors
Morley Fund Management
- Morley Fund Management Limited (Morley) is a London based,asset management business with over £128 billion* undermanagement. It actively manages a diverse range of asset classesand employs in the region of 200 investment professionals.Companies in the Morley Group have operations in Boston, Dublin,Luxembourg, Melbourne and Warsaw. Morley has representativeoffices in Milan and Madrid.
- 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 under the Norwich Unionbrand, and international funds marketed under the Aviva Fundsbrand.
- *as at 31.03.05. Not including mortgage assets
- Further information about Morley Fund Management can be foundat www.morleyfm.com