Aviva Investors to cut jobs as strategic review goes ahead

Up to a fifth of all staff at Aviva’s fund management arm Aviva Investors face losing their jobs after a strategic review of the company was given the green light.

Chief executive Alain Dromer’s review of the business has been underway since September with its findings presented to the board in December according to New Model Adviser® sister publication Wealth Manager.

Wealth Manager reported that the plan resulting from the review has been endorsed by the board and has been given a clear mandate for implementation.

Paul Abberley, chief executive of Aviva Investors in London, will be in charge of the project, although no details as yet have been given.

The Sunday Times online reported that up to a fifth of staff could be cut.

An Aviva Investors spokesman said: ‘As with many others in our industry, we have looked at our business to ensure that we are set up to face what is clearly going to be a prolonged period of economic uncertainty.'