View more on these topics

Aviva Investors to launch global team to replace SRI

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.


News and expert analysis straight to your inbox

Sign up


There are 2 comments at the moment, we would love to hear your opinion too.

  1. A very well-done article! Highly informative, simple and communicative english. I think the writer has a rich knowledge of the money market and business in general, the more reason she does very substantive, quality articles. Kudos Joanne Ellul! Keep up with the good work!

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

Leave a comment


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