Morley Fund Management adds to research team again

Article date: 16 May 2001

Morley Fund Management is pleased to announce the appointment ofDavid Oxley to the Corporate Research team. David joins as aninvestment analyst covering Pan-European industrial companies andwill report to Donald Tosh, Head of Corporate Research.

Prior to joining Morley, David was at Royal & Sun AllianceInvestments, having started at Sun Alliance Investment Managementin 1991 and latterly had responsibility for the capital goodssectors of the Pan-European equity portfolios. Within ContinentalEurope, the industrial sectors, as measured by marketcapitalisation, are twice the size of their UK peers; in additionDavid's 10 years investment experience will add to Morley's pool oftalented analysts. David's appointment closely follows theappointments of several analysts.

Commenting on the appointment, Donald Tosh, Head of CorporateResearch, said:

"We are delighted to welcome David to the expanding corporateresearch team at Morley. This once again reflects our considerablecommitment to research and we are sure that David has the skillsand experience necessary to add considerably to this excitingteam"


For further information please contact

Morley Fund Management

Donald Tosh, Head of Corporate Research 020 7809 8209

Penrose Financial
Gay Collins020 7786 4882
Caroline Deutsch020 7786 4871

Notes to Editors

Morley Fund Management is an independently managed, Londonbased, asset management business with £106 billion undermanagement. It operates in London, Boston, Tokyo, Singapore andDublin.

Morley is a wholly owned subsidiary of the CGNU Group andmanages institutional funds under the Morley brand. It also acts asinvestment manager for a range of retail investment funds, marketedunder the Norwich Union brand.

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 insurer basedon gross worldwide premiums.

Morley Fund Management is a business name of Morley FundManagement Limited (incorporated in England with Registered No.1151805 and Registered Office 1 Poultry London EC2R 8EJ) andNorwich Union Investment Management Limited (incorporated inEngland with Registered No. 2152949 and Registered Office 8 SurreyStreet Norwich NR1 3NG) both regulated by IMRO and members of theCGNU Group.

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