Morley Fund Management, the UK-based fund management firm, has expanded its fixed income team with the appointment of Stephen Lee as credit portfolio manager and Miles Tym as a manager of gilts or UK government debt funds.

Lee, who will report to Paul Mingay, head of credit within Morley's fixed income team, joins from UBS Global Asset Management, where he was a director and fixed income manager. Tym joins from Alliance Capital and will report to Kevin Lorkins, head of gilts.