Aviva Investors has cut around 20 staff from its fixed income, real estate and infrastructure teams as the asset manager concentrates on “key areas of focus” such as multi-asset.
Departures from the fixed income team in March include Sandeep Bhatia, a senior corporate bond portfolio manager, John Hampton, head of sterling for investment grade credit, Anthony David, a global fixed income manager and Tim Jagger, a senior portfolio manager for fixed income in Asia.
Others to leave include David Dahan, a managing director in the infrastructure team, as well as infrastructure investment specialist Keith Kelsall and Phil Ellis, a client portfolio director within the real estate team.
The shake-up comes as Aviva Investors focuses on areas such as its Aims offerings, which have combined assets under management of almost £5bn.
The firm said despite the redundancies, it was still making investment into its expected areas of growth.
A spokesman for the company added: “Aviva Investors has made a significant investment in talent over the past couple of years and will continue to add resources to its key areas of focus.”
Recent hires at the company include fund managers Giles Parkinson and Helen Driver within its global equity team, as well as appointing multi-strategy fixed income senior portfolio manager James McAlevey.
