Morley appoints European COO

Morley Fund Management (Morley) has appointed Nick Alford as European Chief Operating Officer (COO). Nick, who will report jointly to John Hughes, Interim Global COO and Gerard Quirke, Managing Director Europe, will focus on delivering the strategy for Morley’s core operations in Europe.

Morley Fund Management (Morley) has appointed Nick Alford as European Chief Operating Officer (COO). Nick, who will report jointly to John Hughes, Interim Global COO and Gerard Quirke, Managing Director Europe, will focus on delivering the strategy for Morley’s core operations in Europe.

Nick joins Morley from Dresdner RCM Global Investors UK where he was Chief Operating Officer and a member of the Dresdner RCM management team. He was responsible for 180 staff within Operations, Investment Technology, Human Resources, Compliance, Legal and Facilities in the UK.

Prior to joining Dresdner RCM in 1998, Nick was Operations Director, European and Offshore Funds Controller for INVESCO Europe.

Before joining INVESCO, Nick spent 16 years in various senior international operational and management roles at LGT Asset Management/GT Global Investment Funds where he was most recently involved with the integration of the INVESCO and GT organisations.

Commenting on the appointment Gerard Quirke, Managing Director Europe at Morley Fund Management said: "We are delighted that Nick has been appointed as European COO. Operations is core to our business and we have made the decision to add significant strength to this area through this appointment. Nick’s considerable experience of operations in Europe will be a great asset to Morley and we look forward to welcoming him to the company."

-ends-

For more information please contact:
Morley Fund Management
Gerard Quirke Tel: 020 7809 8600

Penrose Financial
Gay Collins Tel: 020 7786 4882 gayc@penrose.co.uk
Caroline Deutsch Tel: 020 7786 4871 carolined@penrose.co.uk

Notes to Editors:

Morley Fund Management is an independently managed, London based, asset management business with Ł100 billion under management. It has investment management operations in London, Boston, Tokyo and Singapore.

Morley is a wholly owned subsidiary of the CGNU 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 under the Norwich Union brand.

CGU plc and Norwich Union plc merged on 30 May 2000 to create CGNU plc, the UK’s largest insurance group and one of the top-five insurers in Europe with substantial positions in other markets around the world, making it the world’s seventh largest insurer based on gross worldwide premiums.

Morley Fund Management is a business name of Morley Fund Management Limited (incorporated in England with Registered No. 1151805 and Registered Office 1 Poultry London EC2R 8EJ) and Norwich Union Investment Management Limited (incorporated in England with Registered No. 2152949 and Registered Office 8 Surrey Street Norwich NR1 3NG) both regulated by IMRO and members of the CGNU Group.