Current chief executive at Scottish Widows Investment Partnership Chris Phillips has been appointed new chief executive at Morley Fund Management.
He will commence the role in the summer, bringing with him experience of the UK fund management industry along with a proven track record of leadership, team-building and business development skills.
Phillips is also currently chairman of the ABI Investment Committee.
Morley Fund Management chairman Philip Scott says: “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.”
Phillips says: “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.”