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.”