Philip Nell has been promoted to head of UK retail property funds at asset manager Morley. This new role combines responsibility at the fund manager level for both the Norwich Property Trust and Norwich Property Investment Fund.

Neil Davies, director of marketing for investments at Norwich Union, said: " We firmly believe commercial property continues to be an attractive asset class for investors within a diversified portfolio."

Julian Taylor will continue to manage the Norwich Union European commercial property investment vehicle, the European Property Fund.

Morley is the UK asset management arm of insurance major Aviva for institutional and retail funds. It also acts as investment manager for a range of retail investment funds in the UK under the Norwich Union brand.