Morley Fund management, the UK-based asset management business of international insurance provider Aviva, has opened an office in Germany to sell and distribute its range of products.
The office, located in Frankfurt, will focus on selling a range of Morley managed products, including the Aviva Morley SICAV line, which was recently approved for distribution in Germany. In addition, the new office will provide support for Morley’s clients in the region and expand relationships with German, Swiss and Austrian distributors and institutions.
With the addition of the German sales office, the number of Morley’s European distribution teams now totals five, with other offices in London, Milan, Madrid and Warsaw.
The establishment of the office in Germany is thought to be a key milestone for Morley’s expansion plans in Europe, according to Adam Lessing, head of European business development at Morley.
This is an important development for Morley. European mutual fund assets now total over E4 trillion and are forecast to increase, commented James Tanner, managing director responsible for distribution and alternatives at Morley. A German sales office accelerates the growth of our European business and complements our existing sales offices in the markets of Spain, Italy and Poland.