PAYDEN & RYGEL GLOBAL APPOINTS BOLITHO, MORRIS AS PRINCIPALS
London-based Business Grows to More Than Euro 11 Billion Under
Management
London, January 3, 2007 – Payden & Rygel
Global Ltd. today announced the elevation of two of its executives
to Principal in its London office.
Alverne Bolitho, who joined the firm in 2001 as portfolio
director, was named a principal. He is responsible for business
development and client relations in the United Kingdom and
continental Europe.
Mark Morris, who joined the firm in 2002 as strategy director,
was named a principal with responsibility for global client
relationships and portfolio management in the United Kingdom
and in continental Europe.
“We are very pleased to appoint both Alverne and Mark
as Principals of our firm,” said Robin Creswell, Managing
Principal of the firm. “They, together with the team
of portfolio management, business development and client relations
staff, have made important contributions to the expansion
of our business. We look forward to working together to maintain
the high standards our clients expect of us and to growing
the business further.”
The London operations of Payden & Rygel manage approximately
Euro11 billion in a broad array of strategies in the equity
and fixed income markets. The firm has grown its assets under
management this year by more than Euro 1.7 billion. Fixed
income and global equity mandates have been two of the most
popular areas of new business in 2006.
Prior to joining the firm, Bolitho worked at Cazenove Group
Plc for 14 years, where he headed the Australasian institutional
desk. He is a member of the Securities & Investment Institute
and is registered with the Financial Services Authority.
Prior to joining Payden & Rygel, Morris was a managing
director at Credit Suisse Asset Management Ltd where he oversaw
a variety of global fixed-income mandates and was a senior
member of the Fixed-Income Asset Allocation Committee. Previously
he worked in the project finance divisions of Barclays National
Industrial Bank in Johannesburg, South Africa, and subsequently
at Bank of America in London. Morris received an MBA and a
BSc in Electrical Engineering from the University of Cape
Town. He is a member of the Securities & Investment Institute.
About Payden & Rygel Global Ltd.
Payden & Rygel Global Ltd. was established in London in
1999 to serve institutional clients in the UK, Europe and
the Middle East. The firm manages a range of strategies in
the fixed income and global equity markets in pooled, segregated
and publicly traded funds. The firm is a wholly owned subsidiary
of Los Angeles, California-based Payden & Rygel, which
was founded in 1983 and which manages more than $50 billion
for clients worldwide.
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