[Gocamino] Articulo en ingles sobre la muerte del peregrino ingles
Elcaminomejala at aol.com
Elcaminomejala at aol.com
Mon Apr 9 15:51:29 PDT 2007
Scottish Widows Fund Chief Phillips Dies on Hike (Update2)
By Tracy Alloway
April 9 (Bloomberg) -- Chris Phillips, the chief executive of Lloyds TSB
Group Plc's Scottish Widows Investment Partnership Ltd., died during a walking
tour in northern Spain. He was 50.
``The onset of poor weather'' in the Pyrenees mountains probably was a
factor in the death, Edinburgh-based Scottish Widows said today in an e-mailed
statement. Phillips succumbed to hypothermia, the Financial Times reported
earlier today. Spanish authorities are investigating the incident, the statement
said.
Phillips was due to take over as chief executive officer at Aviva Plc's
Morley Fund Management unit in July. His departure from Scottish Widows was
announced in January. Phillips left a widow, Elizabeth.
``Chris was hugely respected across the industry and deeply liked by all his
colleagues,'' said Archie Kane, chief executive of Scottish Widows Plc, the
insurance unit of Lloyds TSB, the U.K.'s fifth-largest bank. ``He played a
significant part in re- establishing SWIP as a leading player in the
competitive asset management sector and he will be greatly missed.''
Phillips joined Scottish Widows at the end of 2003, when it had about 77
billion pounds ($151 billion) of assets. He said at the time he hoped to improve
U.K. stock fund performance to win more pension clients. The unit had about
102 billion pounds under management at the end of 2006.
Phillips boosted profit at the company in his tenure, Cameron Walker, a
spokesman for Scottish Widows's insurance business, said in January. Pretax
profit in the first half of 2006 was 17 million pounds, up from 8 million pounds a
year before, he said.
Pilgrim to Santiago
In January, Phillips was hired by London-based Morley to oversee its 162
billion-pound portfolio. Like Scottish Widows, Morley is a unit of an insurance
company, managing about three- quarters of its assets for the parent.
``We're shocked and saddened by the news,'' said Fiona Baker, a spokeswoman
for Morley Fund Management in an interview today. ``It's way too early to
even start thinking,'' about Phillips's replacement, she said.
Phillips died at the start of what was to have been a five- week walking
tour along the pilgrim's route to Santiago de Compostela, the Financial Times
reported earlier today.
Phillips studied philosophy, politics and economics at Oxford University,
the newspaper said. He was a policy adviser to the Social Democratic party
before starting his financial career with Morgan Grenfell & Co. in 1983 in
international banking, the Financial Times said.
At the time of his death, Phillips also was chairman of the Association of
British Insurers' investment committee, which represents the U.K.'s largest
shareholders, the FT said.
_http://www.bloomberg.com/apps/news?pid=20601085&sid=aPrXOheXYOAo&refer=europe
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(http://www.bloomberg.com/apps/news?pid=20601085&sid=aPrXOheXYOAo&refer=europe)
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