Morley Fund Management, one of the UK’s largest active fund managers, announced today that chief investment officer Katherine Garrett-Cox has resigned and will be leaving the company at the end of March 2007.
Morley Fund Management, one of the UK’s largest active fund managers, announced today that chief investment officer (CIO) Katherine Garrett-Cox has resigned and will be leaving the company at the end of March 2007. Morley’s head of strategy, Adrian Jarvis, will take on the role of interim CIO from that date. Katherine will be taking up a new role as chief investment officer and group executive director with Alliance Trust plc based in Dundee, Scotland.
Chris Phillips, whose appointment as Morley’s new CEO was recently announced, is aware of Katherine’s decision and supportive of Adrian taking on the interim role.
As head of strategy, Adrian is responsible for investment strategy, quantitative research and quant funds within Morley. Over the past six years he has built a team with a successful track record of adding value through both strategic and tactical asset allocation. With his team, Adrian has taken the strength of Morley’s internal asset allocation modelling and applied these skills to produce demonstrable benefits for a broader client base.
Philip Scott, group executive director of Aviva and chairman of Morley Fund Management, said: “Katherine leaves at the end of March with our best wishes and thanks for her contribution over the past three years. In her time at Morley she has brought her strong people management skills to the fore and introduced a more focused and commercial approach within the investment team. She has also championed Morley’s investment talent, evidenced by the promotion of Niall Paul from head of emerging market equities to head of equities and the fact that we can look to Adrian Jarvis to fulfil the interim CIO role.”
An executive search firm is being appointed to consider both internal and external candidates to replace Katherine.
Katherine Garrett-Cox said: “It has been a difficult decision to leave Morley. I have enjoyed building a first class investment team and I am especially proud of how we have come together and progressed on many fronts. So I will depart confident that I will leave behind a strong investment capability and great group of people to take the business forward.”
Katherine joined Morley in March 2004 from Aberdeen Asset Management where she had been CIO.
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For more information contact:
Fiona Baker
Corporate Communications
Telephone: 020 7809 8617
Morley Fund Management
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 Ł162 billion or €239 billion from offices around the world as at 30 September 2006.
Morley manages both institutional and retail funds. It also acts as investment manager for a range of retail investment funds, marketed in the UK under the Norwich Union brand and in Europe under the Aviva brand.
Awards
- Equity End User of the Year – Derivatives Week DEAL Awards 2006
- 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
Further information about Morley Fund Management can be found at www.morleyfm.com