Article date: 16 January 2007
Morley Fund Management, one of the UK’s largest activefund managers, announced today that Chris Phillips, currently chiefexecutive officer of Scottish Widows Investment Partnership (SWIP),will be the new chief executive officer of Morley Fund Management.Chris will start at Morley in the summer.
The appointment of Chris marks a new era in Morley’sdevelopment and follows an extensive search process overseen byMorley chairman and Aviva executive director Philip Scott. Chrisbrings with him extensive experience in the UK fund managementindustry along with a proven track record of strong leadership,team-building and business development.
Philip Scott, chairman of Morley Fund Management, said: “Weare delighted that we have been able to attract the talents ofChris Phillips. He is an accomplished and well-regarded figurewithin the industry. A fund manager himself at one time, he hasshown he is adept at managing change and driving results. Morleyhad an excellent year in 2006 and the business continues to delivera strong financial and operational performance. It is well-placedto move into the next stage of development under Chris’sleadership. Fund management is an integral part of Aviva’sgrowth strategy. Chris will have the full backing of Aviva and welook forward to him coming on board later this year.”
Chris is also currently chairman of the ABI investment committee.Prior to becoming CEO of SWIP in 2003, Chris was chief executive ofRoyal London Asset Management. He began his investment career withMorgan Grenfell & Company in 1983 in international bankingbefore joining Morgan Grenfell Asset Management in 1987, initiallyas a fixed income fund manager.
Chris Phillips, CEO of SWIP, said: “I have enjoyed my time atSWIP and I am proud of what we have achieved there over the pastthree years. Morley represents an exciting next step in my career.Morley rightfully occupies a leading place in the UK investmentscene, has a growing presence in Europe and access to powerfuldistribution channels. I look forward to working with my newcolleagues to build on its impressive strengths andsuccesses.”
For more informationcontact:
Head of Corporate Communications
Morley Fund Management
Telephone: 020 7809 8617
Notes to editors:
Morley Fund Management
Morley Fund Management Limited is the UK-based asset managementbusiness of Aviva plc. Firms within the Morley group of companiesmanage £162bn or €239bn from offices around the world as at30 September 2006.
Morley manages both institutional and retail funds. It also acts asinvestment manager for a range of retail investment funds, marketedin the UK under the Norwich Union brand and in Europe under theAviva brand.
- Equity End User of the Year – Derivatives Week DEALAwards 2006
- Property Fund Manager of the Year, Pensions Management Awards2006
- Best Commitment to Raising Standards of Trustee Education,Engaged Investor Awards 2006
- Property Fund Manager of the Year, Property Week Awards2006
- SRI Provider of the Year, Global Pensions 2006
- Central European Property Awards 2005 - Outstanding Company ofthe Year & Investor of the Year
- UK Pensions Awards 2005 – Property Manager of theYear
- Property Week Awards 2004 – Best Property FundManager
- Pensions Management Provider Awards 2003 – Best PropertyFund Manager
Further information about Morley Fund Management can be found atwww.morleyfm.com