Morley Fund Management chief investment office Katherine Garrett-Cox has resigned and will be joining Alliance Trust in May 2007.
Morley has appointed head of strategy Adrian Jarvis as its interim CIO when Garrett-Cox steps down at the end of March this year.
Garrett-Cox will be taking up the role of chief investment officer and group executive director with Alliance Trust plc based in Dundee.
She joined Morley in March 2004 from Aberdeen Asset Management where she had been CIO.
Aviva group executive director and Morley chairman Philip Scott says: “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.”
Aviva says an executive search firm is being appointed to consider both internal and external candidates to replace Garrett-Cox.
Garrett-Cox says: “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.”