www.the-actuary.org.uk What motivated you to pursue a career in the City and what contributed to your decision to become an investment manager?In 1982 I was deciding what to do with my career and my father suggested that I should work in the City. My boyfriend was going to move there so it made sense for me to do it too. I knew nothing about the banks where I was applying for jobs and there was no careers advice promoting internships in those days. I was accepted for a position at SG Warburg and part of the training scheme was to spend time in four different departments. The first placement was in fund management where I spent six months and I liked it so much that I asked if I could stay there. The management said that I had to go on to work in the other departments. I said I would leave and so they decided to let me stay in fund management. This helped me to get ahead of my peer group and by the time I was 28 I was made a director. Has the City changed much since you first came aboard?The City has changed dramatically. We have gone from the days of cosy merchant banks that were mostly family companies to massive global investment banks. Back then, we would go to a stockbroker for a price and they would go to the jobbers. After 1986, the year of the 8216Big Bang8217, the stockbrokers and jobbers merged so that sales and resources became a single operation. Various entities were bought by the banks so that there were few independents left. 1986 was a year of major change. Are you proud of the fund management industry?I am very proud; it has grown hugely since I first joined. This is partly because pension funds became bigger and, as people became richer, more wealth was invested, from the man on the street to high net worth individuals. I think we are one of the countries that is very good at managing people8217s money. What excites or intrigues you most about the City? It is a really interesting place to work and there are so many highly intelligent people, which I find stimulating. The best graduates have generally gone into the City and now manufacturing is a smaller part of the economy compared to financial services. Of your many career accomplishments, which do you consider to be the most satisfying?What we did with Morgan Grenfell was InterviewNicola HorlickDriving forceNever one to do things by halves, Nicola Horlick is still breaking ground after 25 years in the City. The Actuary team hoped to be similarly inspired on meeting the investment superwoman 28 March 2008187 Born
1960 187 Education
Balliol College, Oxford. Bachelor of Laws reading jurisprudence187 1982
Sold animal foodstuffs for family business 8212 Roy Wilson, Dickson 187 1983
SG Warburg 8212 graduate trainee187 1984
Mercury Asset Management 8212 joined Leonard Licht8217s team as trainee fund
manager 187 1989
Director, Mercury Asset Management (UK pension fund business)187 1991
Director, Morgan Grenfell Investment Management (UK business including
private clients)187 1992
Managing director, Morgan Grenfell Investment Management
Director, Morgan Grenfell Asset Management (the holding company) 187 1997
Joint managing director, SG Asset Management (UK) 187 2002
Chief executive officer, SG Asset Management (UK)187 2005
Launched Bramdean Asset Management as chief executiveNicola Horlick 8212 curriculum vitae 028_029_30_Actuary_Horlick_0308.28 2819/2/08 11:03:02
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