Italy: Morley continues to build European business

Morley Fund Management, one of Europe’s leading fund managers, has appointed Irene Mastelli to the position of sales manager.

Morley Fund Management, one of Europe’s leading fund managers, has appointed Irene Mastelli to the position of sales manager. This further strengthens the Italian team consisting of Gabriele Miodini, who has been promoted to senior sales manager and Carla Cugurullo, relationship manager.

Based in Milan, Irene will be responsible for promoting the Aviva Funds SICAV product range in Italy. She will also focus on attracting new business and developing existing and prospective client relationships.

Adam Lessing, head of European business development at Morley, said Irene’s appointment was an important addition to the Italian team.

“Italy is a key market for Morley’s European expansion plans. Sales for the first five months of 2006 have exceeded €369m and have already surpassed the total sales for 2005. We plan to continue this growth and ultimately become a leading provider of cross-border products in Italy,” he said.

Irene was most recently assistant vice president at Julius Baer Investment Funds Services (Milan). She was responsible for managing relationships with institutional clients and third party distribution partners for both traditional and alternative investments. Prior to joining Julius Baer, she worked for ABN AMRO Bank in the sales support team.

Irene’s appointment follows Adam Lessing’s appointment as head of European business development at Morley earlier this month. Both appointments reflect Morley’s commitment to accelerating the growth of its European business.

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For further information please contact:
Beth Saint
Corporate Communications
Telephone: 020 7809 8125

Notes to editors:

Morley Fund Management
Morley Fund Management Limited is the UK-based asset management business of Aviva plc. Firms within the Morley group of companies manage Ł156bn from offices around the world as at 30 April 2006.

Morley 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 under the Norwich Union brand, and international funds marketed under the Aviva Funds brand.

Awards

  • Property Fund Manager of the Year, Pensions Management Awards 2006
  • Property Fund Manager of the Year, Property Week Awards 2006
  • SRI Provider of the Year, Global Pensions 2006
  • Central European Property Awards 2005 - Outstanding Company of the Year & Investor of the Year
  • UK Pensions Awards 2005 – Property Manager of the Year
  • 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

Further information about Morley Fund Management can be found at www.morleyfm.com

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