Alan Gadd has been appointed as head of UK retail, Norwich Union Investment Funds ('NUIF'), CGNU's retail asset management arm. Alan will drive the strategy for the business and have direct responsibility for UK sales and marketing. Since NUIF's launch in 1999, it has become firmly established as a leading retail fund manager.
Alan Gadd has been appointed as head of UK retail, Norwich Union Investment Funds ('NUIF'), CGNU's retail asset management arm. Alan will drive the strategy for the business and have direct responsibility for UK sales and marketing. Since NUIF's launch in 1999, it has become firmly established as a leading retail fund manager.
Alan has almost 20 years experience within the retail asset management marketplace, most recently as Head of Savings and Investment at HSBC. He joined HSBC in 1995 after 12 years at Henderson Administration. His role has encompassed responsibility for sales, marketing, product development, customer services and operational activities.
Gerard Quirke, managing director, Norwich Union Investment Funds says:
"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 managing successful retail asset management businesses, he is ideally positioned to build on NUIF's success to date."
Alan Gadd added:
"I am delighted to be taking on this new and challenging role at NUIF. I look forward to driving the development of the business - it is a fabulous opportunity."
- Ends -
| Media contacts: | ||
| Gerard Quirke, managing director | 020 7809 8600 | |
| Daniel Longden, communications manager | 020 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 create CGNU plc, the UK's largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world's sixth largest insurer based on gross worldwide premiums.
- CGNU's principal business activities are long-term savings, fund management and general insurance, with worldwide premium income and retail investment sales from ongoing business of over Ł27 billion and assets under management of more than Ł210 billion.
- From October 2000, the combined life and pensions, general insurance and retail fund management businesses in the UK operate under the Norwich Union brand, while the institutional investment business operates under the Morley Fund Management brand.
- Norwich Union's news releases are available on the internet at www.cgnu-group.com
Norwich Union Investment Funds is the trading name of Norwich Union Trust Managers Limited Registered in England No 1973412, a member of the Association of Unit Trusts and Investment Funds. Norwich Union Portfolio Services Limited Registered in England No 2503054. Both companies represent only the Norwich Union Marketing Group, members of which are regulated by the Personal Investment Authority. Regulated by IMRO. Registered Offices: 8 Surrey Street Norwich NR1 3NG.
Morley Fund Management is the business name of Morley Fund Management Limited ("MFM") and Norwich Union Investment Management Limited ("NUIM"), both regulated by IMRO and members of the CGNU group.