Article date: 8 May 2008
Morley, the UK-based asset management business of Aviva plc, is pleased to announce that the Aviva Morley SICAV has been renamed the Aviva Investors SICAV in line with the integration of Aviva's fund management businesses.
On 28 February 2008, Aviva plc announced it was combining its asset management businesses, including Morley, to create a single, globally integrated asset manager to be known as Aviva Investors. The new company will be formally launched in September 2008.
The Luxembourg-domiciled SICAV is the primary vehicle through which Aviva Investors will distribute funds globally and the renaming of the SICAV is an important milestone in the globalisation of Aviva's investment management capability.
Aviva Investors Global chief executive Alain Dromer said: "This renaming marks a significant step in the creation of Aviva Investors through aligning the brand of the SICAV platform with our new global identity.
"The SICAV will play a central role within Aviva Investors, enabling us to increase third-party and cross-border sales and we're already progressing plans to launch new funds on this platform, including products to be managed from our offices in Australia, the US and Ireland."
The Aviva Morley SICAV is an open-ended umbrella fund managed by Aviva Fund Services in Luxembourg. It offers investors a range of specialised sub-funds, each investing in a financial market, group of markets or investment theme.
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Notes to Editors:
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.
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.
Recent Morley Awards
- Property Manager of the Year, UK Pensions Awards 2007 and 2008
- Morley's G7 Fund awarded Fixed Income Hedge Fund of the Year, Eurohedge Awards 2006 and 2007
- Best Property Manager - Financial News Excellence in Institutional Management Awards, Europe 2007
- Morley ranks no 1 fund manager in the Thomson Extel SRI Survey, 2007
- 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
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.
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