Morley Fund Management (Morley), one of the UK’s largest fund managers, has created two new roles within its investment team with the promotion of two equity fund managers.
Morley Fund Management (Morley), one of the UK’s largest fund managers, has created two new roles within its investment team with the promotion of two equity fund managers.
European equity fund manager Rita Dhut has been appointed as head of Morley’s European equities team and UK equity fund manager Lloyd Whitworth has been appointed as the head of the Core UK equities team.
Rita joined Morley from M&G as European equity fund manager in 2001 and manages a range of institutional funds and an offshore fund. Lloyd joined Morley in June this year to manage life & pension funds and brought 13 years of experience in UK equities from companies including JP Morgan Fleming Asset Management, Dresdner RCM and Allied Dunbar.
Both will ultimately report to the head of equities once that appointment is made.
The European equities team manages Ł3.7 billion of funds for institutional, retail and life clients, while the Core UK equities team manages Ł12.5 billion. In May of this year the UK equities team was split into two: the Core team and the Specialist & Smaller Companies team, to improve focus on delivering better investment performance for clients. David Lis is head of the Specialist & Smaller Companies team, which runs an additional Ł2.2 billion.
Katherine Garrett-Cox, chief investment officer of Morley Fund Management, said: "The appointment of Rita and Lloyd to these new roles is another step in creating smaller, focussed and more collaborative investment teams. Both Rita and Lloyd have shown the leadership we require to drive better performance. They will provide an important central point of focus and direction for each team. This model is already working well for Morley’s recently formed UK Specialist and Small Caps team as well as the SRI and Emerging Markets and Global Equities teams."
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Notes to Editors
Morley Fund Management
- Morley Fund Management (‘Morley’) is an independently managed, London based, asset management business with over Ł118 billion* under management (as at 30.09.04). It actively manages a diverse range of asset classes and employs in the region of 900 staff worldwide based in London, Singapore and an associate office in Boston**.
- Morley is a wholly owned subsidiary of the Aviva group and manages both institutional and retail funds under the Morley brand. It also acts as investment manager for a range of retail investment funds, marketed in the UK by Norwich Union, and international funds marketed under the Aviva Funds brand.
*Not including mortgage assets
**Morley Fund Management International Limited, an Aviva company
Awards
- Property Week Awards 2004 – Best Property Fund Manager
- Pensions Management Provider Awards 2003 – Best Property Fund Manager
- 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
Further information about Morley Fund Management can be found at www.morleyfm.com
Contact us at Morley Fund Management, No. 1 Poultry, London EC2R 8EJ.
European Equities team members
- Bruno Berry - Joined Morley in 1993
- Mark Denham - Joined Morley in 2003
- Rita Dhut - (Head of European Equity Team) - Joined Morley in 2001
- Philip Parker - Joined Morley in 2002
Core UK Equities team members
- Martin Cawthorne - Joined Morley in 2004
- Mervyn Douglas - Joined Morley in 2002
- Daniel Roberts - Joined Morley in 2003
- David Shapiro - Joined Morley in 2003
- Lloyd Whitworth - (Head of UK Core Team) - Joined Morley in 2004
Specialist & Smaller Companies UK Equities team members
- Ruy Alves - Joined Morley in 2003
- Toby Belsom - Joined Morley in 2000
- David Lis – (Head of Specialist & Smaller Companies Team) - Joined Morley in 1997
- Scott McKenzie - Joined Morley in 1999
- Alex Pedder - Joined Morley in 2001
- Robin West – Joined Morley in 2004