The London-based asset management division of the CGU Group has relaunched itself as Morley Fund Management (Morley), following on from the merger of Commercial Union and General Accident.
Morley, which manages assets of £45bn (E67bn) is one of the UK’s top 10 fund managers and picked up £660m of new instuitutional pensions business in 1998. The company is also chasing new business in Poland under the CU Polska banner, and could soon be setting up in Italy.