View more on these topics

Aviva Investors multi-asset chief set to depart

Aviva sign 480

Aviva Investors head of multi-asset funds Yoram Lustig is understood to be leaving the firm as it streamlines its multi-asset team.

Lustig runs the £65m Aviva Investors Diversified Asset fund and £301m Aviva Investors Diversified Strategy fund, as well as institutional mandates.

Prior to joining Aviva, Lustig was head of portfolio construction EMEA at Merrill Lynch, responsible for managing multi-asset discretionary portfolios among other roles.

An Aviva Investors spokeswoman says: “We have streamlined the multi-asset funds team and as a result we are in discussions with Yoram Lustig, head of multi-asset funds at Aviva Investors about his role. The rest of the team and its collaborative approach to fund management remain unchanged.”

Aviva Investors head of multi-asset fund implementation Jonathan Abrahams has left to pursue other opportunities. The departures leave three fund managers in the team.

Aviva Investors announced in January it was cutting 160 jobs as a move to streamline its business towards core markets.

Aviva’s London-based European, emerging markets, global and sustainable responsible investments equity desks will be shut down. It said at the time the investment house will stay active in the fixed income, real estate and multi-asset spaces. The firm says it is still committed to the multi-asset space.

Investment Quorum chief investment officer Pete Lowman says a smaller multi-asset team does not necessarily pose any problems for the funds.

He says: “You can run multi-asset with a tight list of people.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com