Morley Fund Management (Morley) has announced the promotion of Ceris Williams to Head of Fixed Income, reporting to CIO Gerry Holtham.
Morley Fund Management (Morley) has announced the promotion of Ceris Williams to Head of Fixed Income, reporting to CIO Gerry Holtham.
Ceris joined Morley in September 2002 as Head of Sovereign Bonds. He has over 15 years experience in the investment management industry and was rated no.1 specialist fixed income manager in an industry survey of consultant opinion in 2001. Ceris was previously Head of Fixed Income at Rothschild Asset Management,
Reporting to Ceris will be Head of Treasury Tim Lucas, Head of Corporate Credit Investments Paul Mingay, Head of Sovereign Products Shahid Ikram, and Head of Gilts Kevin Lorkins.
In addition, Morley's overseas credit teams headed by Dan Fasciano in Boston and Chng Ghim Hoon in Singapore will now report directly to Paul Mingay as Morley continues to build its international credit capability.
With Ł50bn in fixed interest and cash assets under management, the Morley fixed income team includes 44 fund managers, with an average of 12 years investment experience. In 2002 Morley won almost Ł10bn in new business, including a significant number of specialist fixed income mandates.
Ceris assumes his new role immediately following Peter Rains' decision to leave the company. Peter has worked with the company since 1988, most recently as Head of Fixed Income and Head of Alternative Investment.
The Alternative Investment division currently accounts for Ł1 billion of money under management and includes Investment Trusts, Private Equity and Hedge Funds. The investment functions of these areas continue to report to CIO Gerry Holtham. Business development responsibilities will now be aligned to key client areas:
- Alan Gadd, Managing Director, UK Retail - Investment Trusts
- Alistair Morrison, Managing Director, Institutional - Private Equity
- Raoul Bachmann, Managing Director, Continental European Retail - Hedge Funds
Commenting on the promotion, Morley's CEO Keith Jones said: "Ceris' promotion is part of Morley's clear succession planning process. Our fixed income team is one of the largest and most stable in the UK market. I look forward to Ceris and the team building on the excellent track record that Morley has established in this key asset class."
Commenting on Peter Rains' decision, CIO Gerry Holtham said: "Peter has played an instrumental role in building Morley's fixed income team into one of the largest and most respected players in the UK market. We thank Peter for his significant contribution and wish him every success in the future."
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For further information please contact:
Fiona Baker, Head of Corporate Communications 0207 809 8617 Morley Fund Management.
Notes to editors
Morley Fund Management
Morley Fund Management ('Morley') is an independently managed, London based, asset management business with over Ł105 billion under management (as at 31.12.02). It actively manages a diverse range of asset classes and has investment management operations in London, Tokyo and Singapore and an associate office in Boston*.
Morley is a wholly owned subsidiary of the Aviva 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 in the UK by Norwich Union, and international funds marketed under the Privilege Portfolio brand.
Awards
Fund Manager of the Year - Pensions Week Awards 2002
Specialist Manager of the Year - UK Pensions Awards 2002
Insurance Fund Manager of the Year (awarded to Norwich Union) - Standard and Poor's 2002
Sustainable and Ethical Investment and Asset Management Award - Liveable City Awards 2002
*Norwich Union Investment Management, an Aviva Group company
Further information about Morley Fund Management can be found at www.morleyfm.com
Issued by Morley Fund Management Limited and Morley Investment Services Limited.
Morley Fund Management is a business name of Morley Fund Management Limited, registered in England No. 1151805 and Morley Investment Services Limited, registered in England No. 1973412. Both are members of the Norwich Union Marketing Group, members of which are regulated in the UK by the Financial Services Authority for life assurance, pensions and investments. Morley Investment Services Limited is a member of the Investment Management Association. Registered Offices: No. 1 Poultry, London EC2R 8EJ. Both are Aviva companies.
For institutional correspondence please contact us at Morley Fund Management, No. 1 Poultry, London EC2R 8EJ, for retail correspondence please contact us at Morley Fund Management, PO Box 6056, Basildon SS15 5UU.