Norwich Union Investment Funds appoints Alan Gadd as head of UK retail

Article date: 24 April 2001

Alan Gadd has been appointed as head of UK retail, Norwich UnionInvestment Funds ('NUIF'), CGNU's retail asset management arm. Alanwill drive the strategy for the business and have directresponsibility for UK sales and marketing. Since NUIF's launch in1999, it has become firmly established as a leading retail fundmanager.

Alan has almost 20 years experience within the retail assetmanagement marketplace, most recently as Head of Savings andInvestment at HSBC. He joined HSBC in 1995 after 12 years atHenderson Administration. His role has encompassed responsibilityfor sales, marketing, product development, customer services andoperational activities.

Gerard Quirke, managing director, Norwich Union Investment Fundssays:
"Alan's reputation precedes him and with his unrivalled experience,he is exactly the high calibre individual we have been looking for.With his proven and highly visible track record in managingsuccessful retail asset management businesses, he is ideallypositioned to build on NUIF's success to date."

Alan Gadd added:
"I am delighted to be taking on this new and challenging role atNUIF. I look forward to driving the development of the business -it is a fabulous opportunity."

- Ends -

Media contacts:  
Gerard Quirke, managing director020 7809 8600
Daniel Longden, communications manager020 7809 8655
Norwich Union Investment Funds  
Louise Hatch/Harriet Moore  
Penrose Financial 020 7786 4888

Note to Editors:

  • CGU plc and Norwich Union plc merged on 30 May 2000 to createCGNU plc, the UK's largest insurance group and one of the top-fiveinsurers in Europe with substantial positions in other marketsaround the world, making it the world's sixth largest insurerbased on gross worldwide premiums.
  • CGNU's principal business activities are long-term savings,fund management and general insurance, with worldwide premiumincome and retail investment sales from ongoing business of over¬£27 billion and assets under management of more than ¬£210billion.
  • From October 2000, the combined life and pensions, generalinsurance and retail fund management businesses in the UK operateunder the Norwich Union brand, while the institutional investmentbusiness operates under the Morley Fund Management brand.
  • Norwich Union's news releases are available on the internet

Norwich Union Investment Funds is the trading name of NorwichUnion Trust Managers Limited Registered in England No 1973412, amember of the Association of Unit Trusts and Investment Funds.Norwich Union Portfolio Services Limited Registered in England No2503054. Both companies represent only the Norwich Union MarketingGroup, members of which are regulated by the Personal InvestmentAuthority. Regulated by IMRO. Registered Offices: 8 Surrey StreetNorwich NR1 3NG.

Morley Fund Management is the business name of Morley FundManagement Limited ("MFM") and Norwich Union Investment ManagementLimited ("NUIM"), both regulated by IMRO and members of the CGNUgroup.

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