[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
_ 
(http://www.bloomberg.com/apps/news?pid=20601085&sid=aPrXOheXYOAo&refer=europe) 
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