USA: Aviva Capital Management Appoints Todd Youngberg to Fixed Income Team

Article date: 7 May 2008

Aviva Capital Management (ACM), the U.S. asset management arm of Aviva plc1, is delighted to announce that it has bolstered its fixed income operation with the appointment of Todd Youngberg as senior vice president, head of high yield.

Todd has 18 years of experience managing high yield bond portfolios and joins ACM from ABN Amro Asset Management where he was global head of high yield, responsible for overseeing and implementing the company's high yield strategy and development of new products.

The appointment comes ahead of the integration later this year of ACM with Aviva's other fund management businesses to form a global asset management company, Aviva Investors. ACM will become the cornerstone of the combined group's North American operations and Todd will play a vital role in overseeing Aviva Investors' global high yield capability.

Aviva Capital Management President and CEO of Aviva Investors North America Greg Boal said:

"Aviva Capital Management has a strong track record in fixed income-driven asset management and Todd's appointment in this high yield role will add a new dimension to that capability. His wealth of experience in managing and building global high yield operations will be invaluable to Aviva Investors as we move into the next exciting phase of the business."

Todd will work from ACM's Chicago office and will report directly to Greg Boal. A Chartered Financial Analyst charter holder, Todd is a member of the CFA Society of Chicago. He holds a BA from Central College and an MBA from Drake University.

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For more information contact:
Beth Saint, Corporate Communications: +44 (0)20 7809 8125


1. On 28 February 2008, Aviva plc announced it was combining its asset management businesses to create a single, globally integrated asset manager to be known as Aviva Investors - to be launched formally in September 2008.

Aviva Investors will be the global asset management business of Aviva plc, the world's fifth-largest insurance group. Firms that will become Aviva Investors have £316 billion ($623 billion) of assets under management as at 28 February 2008 and significant growth potential.

Notes to editors

Morley
Morley Fund Management Limited (Morley) is a subsidiary of the Morley Fund Management Group Limited. Morley is the UK-based asset management business of Aviva plc. Firms within the Morley group of companies manage £164bn (€223bn) from offices around the world as at 31 December 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 £31bn (€43bn) of UK and European property assets.

Aviva Capital Management
Aviva Capital Management, an SEC registered and GIPS® compliant investment adviser, specializes in institutional income-driven asset management. This specialization allows us to offer you targeted investment advisory services for your income-driven needs. Adhering to strict risk management policies, we seek to position you for long-term success.

With over $32 billion in assets under management, our team of investment professionals seeks to deliver superior results to institutional clients worldwide using disciplined processes and creative solutions while providing exceptional client service.

Aviva Investors
On 28 February 2008, Aviva plc announced it was combining its asset management businesses to create a single, globally integrated asset manager to be known as Aviva Investors - to be launched formally in September 2008.

Aviva Investors will be the global asset management business of Aviva plc, the world's fifth-largest insurance group. Firms that will become Aviva Investors have £316 billion ($623 billion) of assets under management as at 28 February 2008 and significant growth potential.

Operating under a single brand with more than 1,300 employees in 15 countries across the UK, Europe, North America and Asia, and subject to regulatory approval, Aviva Investors will combine businesses in the UK (Morley Fund Management), North America (Aviva Capital Management, MFM International, Aviva Investment Canada), France (Aviva Gestion d'Actifs), Australia (Portfolio Partners), Poland (CUIM Polska), Ireland (Hibernian Investment Managers), Spain (Aviva Gestion SGIIC (Gestora)) and Romania (CertInvest) and work in partnership with Delta Lloyd Asset Management in the Netherlands.

Aviva plc

  • Building a global asset management capability is one of Aviva's strategic priorities and as such Aviva Investors will be a key component in Aviva's composite model of long-term savings, general insurance and asset management.
  • Aviva is the leading provider of life and pension products in Europe (including the UK) with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums at 31 December 2006.
  • Aviva's principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of £49.2 billion and funds under management of £364 billion at 31 December 2007.
  • The Aviva media centre includes images, company and product information and a news release archive.


Morley is a business name of Morley Fund Management Limited, registered in England No. 1151805.  Registered Office: No. 1 Poultry, London EC2R 8EJ.  Authorised and regulated in the UK by the Financial Services Authority and a member of the Investment Management Association. Morley is also a business name of Morley Fund Services Limited and Morley Pooled Pensions Limited.  All are Aviva companies. Telephone calls may be recorded for training and monitoring purposes. MFM/08/481

Morley Fund Management Limited
No. 1 Poultry, London EC2R 8EJ

Phone      +44 (0)20 7809 6000
Fax          +44 (0)20 7489 7940
Web         www.morleyfm.com
Email       info@morleyfm.com

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