soutter latest casualty in aviva investors

Aviva Investors has confirmed its global head of products Jeremy Soutter has departed as part of an on-going restructure that has seen at least four investment casualties so far.

soutter latest casualty in aviva investors

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As a result, his responsibilities will be taken on by the product strategy and product development teams.

This follows the exit of director of UK collective investors John Clougherty last week as the CEO role was transferred to the firm’s life company.

In addition, earlier in March, John Botham was the most senior of three fund managers to leave the firm as part of its strategic shake up.

Aviva has been sending mixed messages of late, following an announcement at the end if January that it was to pull back from the UK retail investors and cut 160 jobs in the process.

At the time it said in the interests of "streamlining" its business it would aim to "leverage its strengths in key asset classes and prioritise its distribution effort towards the institutional market".

Client anger subsequently forced a backtrack from the firm, which said it was committed to clients in the retail area.

But in its annual results statement Aviva once again referred to a scaling back of distribution to retail investors.

The latest departure from the company shows change is ongoing, the question is what, or who, will be next?

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