Spain: Morley reinforces its European capability with new appointments

Article date: 24 August 2007

Morley, the UK's largest active fund manager, will be strengthening its European business with the recruitment of two new people to its European Business Development team: Spiro Andreadakis, as head of European sales administration, and Laura Suárez Pajares, as customer operations manager.

Spiro Andreadakis, in this newly created role, will oversee the effective roll-out of distribution services across Morley's European offices, in Milan, Madrid and Frankfurt. He will also coordinate the activities of local sales administration managers and customer operations, 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 manage the operations of Morley's Spanish office and develop support systems to gain new customers and provide them with an even better service than Morley currently delivers in Europe. Suárez will report to William Pawson, director general for Spain.

These new hires reinforce the development of a local platform for servicing Morley's European customers, both institutions and resellers. With these new appointments, Morley aims to continue improving its procedures and control mechanisms, which are shared with all its European offices. They will also contribute to providing top quality services as well as winning and retaining new customers.

According to Adam Lessing, head of European business development: "These new additions to our team confirm Morley's continued commitment to developing its European division. Developing our capacity in Europe - continued Lessing - ensures that we can offer these local markets the opportunity to enjoy a top level, coordinated service."

Spiro Andreadakis has more than 20 years of fund management experience from his time at UBS and Fidelity, where he worked mainly in areas of operational excellence, relationship management and business acquisition. Laura Suárez Pajares comes to Morley after working at Franklin Templeton Investments, Bancoval and the Bank of New York, organisations where she gained extensive experience in areas related to marketing and support services.

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For further information, please contact:
Grupo Albión 0034 91 531 23 Carballeda bcarballeda@grupoalbion.net
Nuria Zapico nzapico@grupoalbion.net

Notes to editors:

Morley
Morley is Aviva's UK asset management business. As at 31 March 2007, the companies making up the Morley Group manage approximately €246 billion through a global network of offices.

Morley manages funds for institutions and private individuals. It also manages various investment funds for private individuals marketed in the United Kingdom under the Norwich Union brand and in Europe under the Morley brand.

Awards

  • Top Management Company of the Year, according to the Thomson Excel SRI 2007 Report
  • Property Manager of the Year - 2007 UK Pensions Award
  • Morley G7 Fund, Best Fixed Yield Hedge Fund of the Year - 2007 Eurohedge Award
  • Equity End User of the Year, 2006 Derivatives Week magazine DEAL Award 
  • Property Fund Manager of the Year - 2006 Pensions Management Award
  • Best Commitment to the Improvement of Administrative Training - 2006 Engaged Investor Award
  • Property Fund Manager of the Year - 2006 Property Week Award
  • Socially Responsible Investment Provider of the Year - 2006 Global Pensions Award
  • Company of the Year and Investor of the Year - 2005 Central European Property Award
  • Property Manager of the Year - 2005 UK Pensions Award
  • Best Property Fund Manager - 2004 Property Week magazine Award

Aviva
Aviva is the European market leader in life assurance and pensions and a distinguished player in other global markets, which makes it the fifth largest insurance group in the world in terms of gross premiums as at 31 December 2006.

Aviva's principal activities are long-term savings, fund management and general insurance, which generates total sales worldwide of £41.5 billion, with assets under management of £364 billion and 31 December 2006.

The press section of the Aviva website (www.aviva.com/media) contains images and information about the company, its products and a press release archive.

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