Norwich Union will hand management of its £509m Norwich Monthly Income Plus fund to Roger Webb follo...
Norwich Union will hand management of its £509m Norwich Monthly Income Plus fund to Roger Webb following the departure of Mark Gull.
Gull, who has been at the firm for eight years and managed Monthly Income Plus for seven, is leaving to join his friend Edmund Truell at start-up firm Pension Insurance Corporation. Truell was previously chief executive of the Duke Street Capital Group
Jeremy Soutter, head of global product development at Morley Fund Management, described Gull's move to the new firm as a lifestyle decision.
"While it is disappointing Gull is leaving, it is one of those cases when he has been offered the chance to work with a long-standing friend in setting up a business," he said.
As well as Monthly Income Plus, Gull ran the £163.5m Norwich Sustainable Future Corporate Bond and £26.1m Preference Share vehicles.
Dominic White has taken over the former while Stephen Lee is running the latter.