Chris Phillips, currently chief executive officer of Scottish Widows Investment Partnership (SWIP), will be the new chief executive officer of Morley Fund Management. Chris will start at Morley in the summer.
Morley Fund Management, one of the UK’s largest active fund managers, announced today that Chris Phillips, currently chief executive officer of Scottish Widows Investment Partnership (SWIP), will be the new chief executive officer of Morley Fund Management. Chris will start at Morley in the summer.
The appointment of Chris marks a new era in Morley’s development and follows an extensive search process overseen by Morley chairman and Aviva executive director Philip Scott. Chris brings with him extensive experience in the UK fund management industry along with a proven track record of strong leadership, team-building and business development.
Philip Scott, chairman of Morley Fund Management, said: “We are delighted that we have been able to attract the talents of Chris Phillips. He is an accomplished and well-regarded figure within the industry. A fund manager himself at one time, he has shown he is adept at managing change and driving results. Morley had an excellent year in 2006 and the business continues to deliver a strong financial and operational performance. It is well-placed to move into the next stage of development under Chris’s leadership. Fund management is an integral part of Aviva’s growth strategy. Chris will have the full backing of Aviva and we look forward to him coming on board later this year.”
Chris is also currently chairman of the ABI investment committee. Prior to becoming CEO of SWIP in 2003, Chris was chief executive of Royal London Asset Management. He began his investment career with Morgan Grenfell & Company in 1983 in international banking before joining Morgan Grenfell Asset Management in 1987, initially as a fixed income fund manager.
Chris Phillips, CEO of SWIP, said: “I have enjoyed my time at SWIP and I am proud of what we have achieved there over the past three years. Morley represents an exciting next step in my career. Morley rightfully occupies a leading place in the UK investment scene, has a growing presence in Europe and access to powerful distribution channels. I look forward to working with my new colleagues to build on its impressive strengths and successes.”
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For more information contact:
Fiona Baker
Head of Corporate Communications
Morley Fund Management
Telephone: 020 7809 8617
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 Ł162bn or €239bn 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