UK – Gerard Quirke, chief financial officer at Morley Fund Management, has decided to leave the company in search of “new challenges in the fund management industry”.

Quirke will be leaving the company at the end of the year after fours years at Morley. During his time there, Quirke has been responsible for the retail and European divisions, and in his position as chief finance officer was responsible for the finance, operations and IT departments.

The company says that his replacement “will be announced in due course”.

Commenting on his departure, Quirke said: “This has been a tough decision to make but, having delivered a number of key projects for Morley, I intend to now look for new challenges in the fund management industry.”

Until the end of the year, Quirke will continue to remain on the board, after which he will be replaced by chief operating officer, Nick Alford.

Alford joined Morley on January 2 2002 and was appointed chief operating officer in January this year. He was previously chief operating officer at DRCM Global Investors.

Morley Fund Management is a wholly-owned subsidiary of the Aviva Group, and has over 104 billion pounds (148 billion euros) in assets under management.