Italy: Morley strengthens its position in Europe

Article date: 24 August 2007

Morley, the UK's largest active fund manager, operating in Italy from offices in Milan, is strengthening its activities in Europe, with the appointment of two new professionals in the European Business Development team - Spiro Andreadakis, who has joined as head of European sales administration and Laura Suárez Pajares, who has joined as client operations manager.

Spiro Andreadakis, in the newly created role, will control the correct operation of the European distribution activities in Morley's offices in Milan, Madrid and Frankfurt. In addition, he will coordinate the activities of the local client operation professionals and sales administration managers as well as Morley's interaction with Aviva Funds Services in Luxembourg. Andreadakis will report to Adam Lessing, head of European business development.

Laura Suárez Pajares will be in charge of managing operations in Morley's Spanish office and will develop systems that help with the acquisition of new clients and to improve services already offered to European clients. Laura Suárez Pajares will report to William Pawson, director general in Spain.

These roles emphasise the development of a local interface with European clients that are both institutional and third-party distributors. Aiming to build standard procedures and control mechanisms for the coordination of Morley's regional offices in Europe, these appointments will enable the provision of first-class services and will support in terms of the acquisition and preservation of new clients.

Adam Lessing, head of Morley's European business development, thus commented: "These new additions to our team confirm our continued commitment to the growth of business in Europe. Developing our capabilities and capacity in Europe will ensure that our clients in these countries have access to the highest level of integrated service."
Spiro Andreadakis brings over 20 years of fund management experience, having worked both at UBS and Fidelity, where he focused on operational delivery, relationship management and business acquisition. Laura Suárez Pajares comes to Morley after previous experience at Franklin Templeton Investments, Bancoval and Bank of New York, where she gained extensive experience in marketing-related areas and support services.

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Morley
Morley Fund Management, with head offices based in London, is the fund management company of the Aviva Group that manages 2€47 billion on a worldwide scale, as at 30 April 2007.

Morley manages funds for both institutional and retail clients. It operates as investment manager for a range of funds for retail investors, distributed in the UK under the Norwich Union brand, and international funds under the Aviva Morley brand name.

The property team manages in excess of €48 billion of property assets located in England and Europe.

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