This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM-Cover-Top-240714.jpg
Categories:Investments

Aviva Investors to launch global team to replace SRI

  • Print
  • Comments (1)

Aviva Investors has confirmed it is set to axe its SRI team and plans to replace them with a global team that looks at responsible investment across its fund range.

Money Marketing revealed this morning that the SRI team, which run £1.1bn of assets, were hoping to be sold off.

A letter from Aviva Investors chief executive Paul Abberley, seen by Money Marketing, confirms the firm is planning to move out of sustainable and responsible investment.

Abberley said: “We are looking for a new institutional home for the funds, the clients and the majority of the team.”

The letter says that as a result of the closure of the four equity desks in London, there will also be cut backs in corporate governance. Individuals in both the corporate governance and SRI teams have been informed they are at risk of redundancy.

The firm is creating a global responsible investment team that will cover environmental, social and governance issues across the mainstream assets under management.

It will be headed by head of sustainability research and engagement Steve Waygood in the role of chief responsible investment officer, advised by corporate governance director Anita Skipper who will support corporate governance strategy and policy. The team will include a further four members from the existing SRI and corporate governance teams.

The team will also have a network of responsible investment officers that will head lead responsible investment issues relevant to their own asset class and product range.

  • Print
  • Comments (1)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Readers' comments (1)

  • A very well-done, well-researched and informative article, put in plain and simple business terms understood by all! Kudos Joanne Ellul.

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

The Cost of Advice

Sponsored by Brooks Macdonald

Fund Data

Editor's Pick



Poll

Do you think advisers will benefit from Chancellor George Osborne's guidance guarantee?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments