UK - Morley CIO Katherine Garrett-Cox will leave the firm at the end of March to take up the CIO role at Alliance Trust.
Morley’s head of strategy, Adrian Jarvis, will step into the role of interim CIO following Garrett-Cox’s departure, while an executive search firm has been appointed to find a permanent replacement.
The news follows the recent appointment of Chris Phillips, CEO of Scottish Widows Investment Partnership, as the new Morley CEO, replacing Keith Jones, who announced last August he would resign at end 2006.
Phillips is due to start at Morley this summer and is said to be “aware” of Garrett-Cox’s decision.
Garrett-Cox, who came to Morley three years ago from Aberdeen Asset Management where she was also CIO, is due to take up her new role as CIO and group executive director at Dundee-based Alliance Trust in May.
As of 30 September 2006, Morley had £162bn in funds under management.
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