Morley Fund Management, the UK’s largest active fund manager, has expanded its stock lending team with the appointment of Mick Chadwick as head of dealing.
Morley Fund Management, the UK’s largest active fund manager, has expanded its stock lending team with the appointment of Mick Chadwick as head of dealing.
In the securities finance market, Morley is one of the largest and longest established direct lenders in the industry.
Mick will manage the five-strong dealing team and will be responsible for the expansion and diversification of the team’s activities. This involves developing the infrastructure, technology and processes needed to make this expansion.
Morley Fund Management’s head of stock lending Sarah Nicholson said the appointment was a sign of Morley’s commitment to building its stock lending business.
“We have been very successful in the past as a traditional UK fee-based lending organisation. To continue our success and remain active in the lending market we need to develop new capabilities. Mick’s appointment is about scaling up what we already do and broadening our team’s activities. We are delighted that he is joining the team,” she said.
Commenting on his appointment to Morley, Mick Chadwick said: “As the securities finance market matures, Morley recognises that it needs to adapt. Morley is a significant presence in the market, and as one of the largest and most entrepreneurial lending institutions is able to respond quickly to market demand. I am looking forward to working with a great team who are keen to remain at the forefront of the industry.”
Mick joined Morley in September and will report to Sarah Nicholson, head of stock lending.
Prior to joining Morley, Mick worked for Halifax PLC/HBOS Treasury Services as head of collateral trading for five years. Before this, he worked at UBS for nine years where he established their European fixed income repo business.
He has more than 20 years investment experience and extensive experience in developing securities finance businesses.
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For more information contact:
Beth Saint
Corporate Communications, Morley Fund Management
Tel: 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