Tim Thomas is joining Morley Fund Management in the newly created role of head of equities. He will be responsible for about 33bn in equity assets under management.Thomas, who joins in September, will oversee the group’s equity business covering America, Asia, Britain and Europe, as well as emerging market, global and socially responsible investments. He will also aim to raise the commercial potential of Morley’s range of equity products, in partnership with its distribution team. He reports to chief investment officer Katherine Garrett-Cox. Garrett-Cox, who joined the group as chief investment officer in March 2004, has implemented several changes to the structure of Morley’s equities department. As a result it has integrated fund managers and analysts into smaller, more focused teams. Previously reporting to Garrett-Cox, head of corporate governance Anita Skipper and the seven Morley equity team heads will now report to Thomas. Thomas previously worked for McKinsey as a consultant for large European insurance and asset management clients. Prior to this he spent 13 years with Investec Asset Management including the role of head of equities.