Morley Fund Management, home to one of the City’s largest credit teams, has appointed David Burgess to the newly created position of head of private placements in response to growth in its private placement business.
Morley Fund Management, home to one of the City’s largest credit teams, has appointed David Burgess to the newly created position of head of private placements in response to growth in its private placement business.
Reporting to Morley’s head of credit Paul Mingay, David joined the team in September. He is responsible for identifying new private placement investments and monitoring existing agreements.
Morley Fund Management’s head of credit Paul Mingay said the role was previously incorporated within the team but Morley’s credit business has grown to the size that requires a full-time placement specialist.
“Private placements have become an important component in helping to deliver strong, consistent returns to clients in a demanding credit environment. We’ve hired David because our private placement business has grown to a size that needs a specialist. I am delighted that he has joined the team.”
Prior to joining Morley, David worked at MetLife for more than 13 years as head of investment grade debt, where he was responsible for a European portfolio in excess of US$9 billion in public bonds and privately-placed securities. Before this, he worked at Fitch Ratings as head of corporate ratings for more than five years. David has more than 20 years’ investment experience in both private placement and leveraged loan transactions.
Morley’s credit team manages more than Ł24bn in assets* and employs more than 25 fund managers and investment analysts located in London and Boston.
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For more information 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 Ł157bn from offices around the world as at 30 June 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
- Best Commitment to Raising Standards of Trustee Education, Engaged Investor 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