Morley Names New CIO

April 8, 2010 ( - Morley Financial Services has announced that William “Bill” Finley will join Morley as its chief investment officer (CIO), effective April 12, 2010.

Finley was formerly with Fortis Investments and its various affiliates and predecessor organizations, starting its stable value group in 1985 and serving for the past eight years as the CIO of its stable value and money market group. According to the announcement, he brings almost 25 years of stable value portfolio experience and has also managed other fixed income portfolios.    

“We are excited to have Bill join our organization,” said Tim Stumpff, president of Morley, in a press release. “He is uniquely qualified to lead the Morley investment team during this period of redefinition in the stable value industry. Bill was a pioneer in the development and use of synthetic guaranteed investment contracts, and his expertise in managing stable value portfolios will serve our clients well.”

Stumpff says Finley’s investment philosophy fits with the conservative approach that Morley has used throughout its 25-year history. Coupled with what was described as “Morley’s new and unique access to wrap capacity from the Principal Life Insurance Company”, he believes naming Finley as CIO enhances the firm’s position and relationships with clients, according to a statement.

The Portland, Oregon-based Morley is an affiliate of Principal Global Investors and member company of the Principal Financial Group.