Morley Fund Management, the asset management company created from the merger of Morley Fund Management Limited and Norwich Union Investment Management Limited, has further strengthened its team with the appointment of a Chief Investment Officer, Mr Hidehiro Tomioka, in Tokyo, with effect from 1st November.
Morley Fund Management, the asset management company created from the merger of Morley Fund Management Limited and Norwich Union Investment Management Limited, has further strengthened its team with the appointment of a Chief Investment Officer, Mr Hidehiro Tomioka, in Tokyo, with effect from 1st November.
Mr Tomioka, who has over 14 years investment experience, joins Morley from INVESCO Asset Management in Japan where he was Director and Head of Research. He was previously responsible for a team of fund managers and analysts investing in all sections of the Japanese stock market, managing domestic pension funds and formulating asset allocation on a global basis. Prior to INVESCO, Mr Tomioka was Vice-President of LGT Asset Management, having previously worked for The Nippon Credit Bank for 10 years. Mr Tomioka gained an MBA in Finance from Wharton Business School in Philadelphia.
Mr Tomioka will be responsible for the Ł2 billion of Japanese equity assets managed out of Tokyo and will be part of the International Equities team led by Andrew Hitchings. Mr Tomioka will report to Mamoru Imai, the Managing Director of the Tokyo office, who previously held the dual role of Managing Director and CIO.
Commenting on the appointment, Mamoru Imai, Managing Director, Morley Japan said:
"We are delighted to welcome Mr Tomioka to our team in Japan and we are sure that his strong track record and his growth orientated investment skills will prove to be invaluable. Mr Tomioka's appointment and the creation of this new CIO position, reflects Morley's expansion post-merger and its commitment to building the business further in Japan."
Commenting on his appointment, Mr Tomioka said :
"I am looking forward to working with Mr Imai and to the challenge of developing the team and expanding the business in Japan. I feel confident that I have the necessary experience to meet the high standards that Morley Fund Management sets."
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For further information please contact
Morley Fund Management
Andrew Hitchings - 020 7809 6041
Vicki Rhind - 020 7809 6128
Penrose Financial
Gay Collins/Caroline Deutsch - 020 7776 7611
Notes to Editors
CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc - the world's 6th largest insurer, the UK's largest insurance group and one of the top-five life insurers in Europe with substantial positions in other markets around the world.
CGNU's principal business activities are long-term savings, general insurance and asset management with worldwide premium income and retail investment sales of Ł26 billion and assets under management of more than Ł200 billion.
From October 2000, the combined life and pensions, general insurance and retail fund businesses in the UK operates under the Norwich Union brand, while the institutional business operates under the Morley Fund Management brand.
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.