Morley ramps up expansion into European property

Article date: 18 January 2006

  • New European specialist appointed following 30% growthin assets for 2005

Following its successful expansion intoEuropean property, Morley Fund Management has bolstered its focuson the region by today appointing specialist Minna Merilainen tothe newly created position of European Fund Manager for the NorwichUnion Life Funds.

Minna will report to Head of Life Funds,Richard Jones and will work on managing and building Morley’srapidly growing Norwich Union European property holdings.

Head of Life Funds Richard Jones said the newappointment reflects Morley Fund Management’s strongcommitment to growing and expanding our European property portfolioand expertise.

“Our European life fund propertyinvestment assets have grown by around 30 per cent in the last yearand we have secured a number of long term positions, soMinna’s specialist expertise will help ensure that thisgrowth is maintained and continues to be effectively managed. Herexperience and knowledge will augment and complement Morley’sexpertise in Europe and we are delighted to welcome her to theteam,” he said.

Minna Merilainen’s appointment also addsa European multi-manager capability to the Norwich Union EuropeanLife Funds team at Morley.

Morley Fund Management’s Property teammanages in excess of £20 billion (€29bn) of UK and Europeanproperty assets, making Morley one of the largest property fundmanagers in Europe.

With an investment career spanning over 12years, Minna joins Morley from AXA REIM’s Paris office whereshe was a Senior Acquisitions Manager working in the FrenchAcquisitions team for 18 months. Previous to AXA, she worked forArchon Group (Goldman Sachs’ property asset managementbusiness) as Senior Asset Manager in 2002-2004 and prior to thatshe was responsible for developing new business and negotiatingsales transactions for large single assets and portfolios for JonesLang Lasalle’s Investment Team in Paris.


For further information please contact:
StrahanWallis 020 7809 8618
Corporate Communications

About Morley Fund Management
Morley Fund ManagementLimited is the UK-based asset management business of Aviva plc.Firms within the Morley group of companies manage £147.8bn fromoffices around the world as at 30 September 2005. The property teammanages in excess of £20 billion of UK and European propertyassets, making Morley one of the largest property fund managers inEurope. Morley has been at the forefront of innovation in propertyfund management.


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