Morley Fund Management, one of the UK’s largest active fund managers, has recruited sell-side derivatives specialist David Barbour as part of a major initiative to bolster Morley’s derivative capabilities and operations.
Morley Fund Management, one of the UK’s largest active fund managers, has recruited sell-side derivatives specialist David Barbour as part of a major initiative to bolster Morley’s derivative capabilities and operations.
David joins Morley in October and will be responsible for setting up a legal framework to manage and control the use of derivative instruments. He will also be reviewing Morley’s contracts between market counterparties.
Morley Fund Management’s head of investment business management Dr Jez Bezant said David’s appointment was an exciting development and an important part of growing Morley’s derivatives capability.
“Derivatives have become an integral part of investment management and a growing number of clients are more aware of the potential for inclusion of derivatives in their portfolios. We need to make sure we are equipped to select and manage these instruments more widely.
“David’s extensive experience in commercial negotiation will help us negotiate more favourable terms with market counterparties. We are delighted that he is joining the team,” he said.
David will report to Jez Bezant, head of investment business management.
Prior to joining Morley, David worked at Lehman Brothers as a senior ISDA negotiator. Before this, he worked for Standard Bank PLC as manager of documentation for more than five years.
He has extensive experience in banking and financial markets, including more than 13 years experience in derivatives and other traded market documentation.
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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