Morley strengthens commitment to activism

Article date: 28 October 2002

Morley Fund Management, the UK-based asset management arm ofAviva plc, has re-affirmed its commitment to independent researchand active engagement by formally appointing Ross Courtier as Headof UK Activism.

As one of the UK’s largest investors, owning approximately2% of the UK stock market, Morley has a long track record ofactively engaging with UK companies in which it invests. RossCourtier is Morley’s longest serving UK fund manager, with 18years of UK fund management experience and works closely with AnitaSkipper, Head of Corporate Governance, in seeking an activedialogue with quoted companies. The new role is effective from 28October and reports to Mike Bishop, Head of Pan EuropeanEquities.

With the support of a team of 18 equity analysts, five creditanalysts and a dedicated nine strong socially responsibleinvestment team, Ross Courtier works with the boards of companieswith strategic and financial issues. The ultimate aim is to improvecompany performance, resulting in better returns for Morley’sretail and institutional clients.

Commenting on the new role, Gerald Holtham, Chief InvestmentOfficer at Morley Fund Management, said: “Morley has been aleader in corporate governance in the UK since the 1970s and thecreation of the role of Head of UK Activism formalises a longstanding engagement function and strengthens an important dimensionof the Morley investment process.

“We already have a highly experienced corporate governanceteam and the addition of Ross Courtier makes Morley one of theleading UK fund managers in the corporate governance and activismarena.”

In 2001 Morley became the first fund manager to include arequirement for large UK companies to publish environmental reportsin its voting policy.


For further information please contact:

Fiona Baker, Head of Corporate Communications
020 7809 8617
Liz Morley, Gavin Anderson & Co
020 7554 1400

Notes to editors

Morley Fund Management

  • Morley Fund Management (‘Morley’) is anindependently managed, London based, asset management businesswith over €166 billion (£104 bn) under management (as at30.06.02). It actively manages a diverse range of asset classesand has investment management operations in London, Tokyo andSingapore and an associate office in Boston*.
  • Morley is a wholly owned subsidiary of the Aviva Group andmanages both institutional and retail funds under the Morleybrand. It also acts as investment manager for a range of retailinvestment funds, marketed in the UK by Norwich Union, andinternational funds marketed under the Privilege Portfoliobrand.


Fund Manager of the Year - Pensions Week Awards 2002
Specialist Manager of the Year - UK Pensions Awards 2002
Insurance Fund Manager of the Year (awarded to Norwich Union) -Standard and Poor’s 2002
Sustainable and Ethical Investment and Asset Management Award -Liveable City Awards 2002

*Norwich Union Investment Management, an Aviva Group company

Further information about Morley Fund Management can be found

Issued by Morley Fund Management Limited and Morley InvestmentServices Limited.

Morley Fund Management is a business name of Morley FundManagement Limited, registered in England No. 1151805 and MorleyInvestment Services Limited, registered in England No. 1973412.Both are members of the Norwich Union Marketing Group, members ofwhich are regulated in the UK by the Financial Services Authorityfor life assurance, pensions and investments. Morley InvestmentServices Limited is a member of the Investment ManagementAssociation. Registered Offices: No 1 Poultry, London EC2R 8EJ.Both are Aviva companies.

For institutional correspondence please contact us at MorleyFund Management, No 1 Poultry, London EC2R 8EJ, for retailcorrespondence please contact us at Morley Fund Management, PO Box6056, Basildon SS15 5UU.

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