NFU Mutual appoints Paul Glover as Chief Investment Manager

Insurance, pensions and investments specialist NFU Mutual has appointed Paul Glover as Chief Investment Manager (CIM) with effect from 1st January.

Glover, who had been carrying out the role of Acting CIM since April 2010, will continue to head up the 18 strong investment team, based at the NFU Mutual head office in Stratford-upon-Avon.

Although probably better known for its insurance products, NFU Mutual is also an active player in the investment market. As at the end of 2010, NFU Mutual assets under management surpassed the £12 billion mark.

As CIM, Glover will focus on developing the range of investments and funds available to NFU Mutual members with the aim of delivering the best possible returns over the long-term, while limiting risk. To deliver this, Glover will lead the investment team in developing strategies that deliver consistent results.

NFU Mutual places great emphasis on delivering value for money and taking a prudent approach. NFU Mutual fund managers have an average length of service of more than 10 years, helping to build quality portfolios for the longer-term.

Glover is shining example of home grown talent, with over 24 year's experience at NFU Mutual. After graduating from Birmingham University in 1986 with a degree in Money, Banking & Finance, Glover joined NFU Mutual as an Investment Analyst. Specialising in overseas equity markets, Paul headed up the International Equity Desk between 1992 and 2010.

Commenting on Glover's appointment, NFU Mutual Finance Director, Kim Arif, said: "This represents a continuity of policy and strategy and shows the depth of talent in the Mutual's investment team. I'm sure that Paul and the investment team will continue to deliver the excellent returns and value for money that NFU Mutual has become known for."

Explaining his intended approach, CIM, Paul Glover, said: "I look to continue the good long-term investment performance record of NFU Mutual, while retaining the company's core investment philosophy of building and maintaining quality portfolios for the long term.

"As a team we take a prudent approach to investing. However, this doesn't mean we're not open to new investment opportunities; in fact it's quite the opposite. We are in the ideal position to take advantage of emerging opportunities, given the experience of the team and the financial strength of the company, which has been around for more than 100 years."