Morley Fund Management, the UK fund arm of the life insurer Aviva, recorded a 43% rise in pre-tax profits to £10m (€15m) for the first six months as it benefited from improving market conditions and improved fee income.

The figures are the first for Katherine Garrett-Cox, Morley's new chief investment officer who  joined four months ago from Aberdeen Asset Management.

Jason Corcoran

Aberdeen Asset Management

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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Morley posts 43% rise in profits

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