Article date: 15 May 2007
Morley has hired David Skinner for the newly created position head of property research as the company continues to grow its property team following expansion in both continental Europe and Asia.
He will report to Morley's Nick Mansley, director of property strategy and indirect investment.
The appointment follows a series of recent hires to Morley's property team including Ian Gleeson from his role as head of property at the National Pensions Reserve Fund (NPRF) of Ireland to head up Morley's international multi-manager property services and appointments to Morley's European fund management team.
It also follows the news last week that Morley is to invest up to £5 billion in Asia over the next four years.
David joins from Pramerica, the real estate investment management business of Prudential Financial, Inc where he was director of research, Europe.
At Morley, David will lead Morley's property research capability taking a key role in business development and investment decision-making across Morley's property funds. He will also contribute to the strategy and overall development of Morley's property business.
Nick Mansley said: "We have always been committed to integrating market-leading research with fund manager views to make our investment decisions. Research has been a key driver of the success of our fund strategies over the past 10 years. David has an excellent track record in research and is the ideal person to take responsibility for ensuring our research continues to be at the leading edge to the benefit of our clients. He joins at an exciting time for our business as we continue to expand rapidly in Europe and Asia."
Prior to his role at Pramerica, David was head of investment research at DTZ and prior to that was an economics lecturer at the University of Salford & the University of Manchester (where he worked for the Royal Institution of Chartered Surveyors) and he also worked at HM Treasury.
For more information contact:
Telephone: +44 (0) 20 7809 8618
Corporate Communications Manager
Morley Fund Management Ltd
Notes to editors:
Morley is the UK-based asset management business of Aviva plc. Firms within the Morley group of companies manage £165.96 billion from offices around the world as at 31 March 2007.
Morley manages both institutional and retail funds. It also acts as investment manager for a range of retail investment funds, marketed in the UK under the Norwich Union brand and in Europe under the Morley name.
The property team manages in excess of £30bn of UK and European property assets.
- Equity End User of the Year - Derivatives Week DEAL Awards 2006
- Property Fund Manager of the Year, Pensions Management Awards 2006
- Best Commitment to Raising Standards of Trustee Education, Engaged Investor Awards 2006
- Property Fund Manager of the Year, Property Week Awards 2006
- SRI Provider of the Year, Global Pensions 2006
- Central European Property Awards 2005 - Outstanding Company of the Year & Investor of the Year
- UK Pensions Awards 2005 - Property Manager of the Year
- Property Week Awards 2004 - Best Property Fund Manager.
Further information about Morley can be found at http://www.morleyfm.com/