Katherine Garrett-Cox is leaving Morley after less than three years at the fund group.
Garrett-Cox, known as Katherine the Great in the City, is to join Alliance Trust as chief investment officer and group executive direc-tor in May. She will oversee development of Dundee-based Alliance Trust’s fund management arm, which has plans for expansion.
Adrian Jarvis will be int-erim CIO at Morley when Garrett-Cox leaves in March.
She says: “I am delighted to be joining the management team of a company with such a prestigious investment history and ambitious vision of its future.”
Her departure is the latest in a number of changes at Morley, with Chris Philips joining as chief executive this month, replacing Keith Jones, who resigned last September.
The investment management merry-go-round has also seen Axa Investment Managers UK chief executive and head of fixed income Paul Griffiths join Credit Suisse as managing director and head of fixed income.
Griffiths replaces Dean Scharney, who announced his retirement last year. Scharney will continue in his role for some weeks to ensure a smooth handover.