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Aviva Investors UK funds chief John Clougherty exits

Aviva Investors UK funds chief executive John Clougherty has left the firm, Money Marketing can reveal. Aviva Investors chief operating officer of the UK collectives business Tim Orton will take over Clougherty’s duties in the interim until a replacement is made.

In January, Aviva Investors announced it was to cut 160 jobs worldwide in a bid to reduce its presence in the retail space, with its London-based European, emerging markets, global and SRI equity desks closing. The group is cutting its global workforce by 12 per cent with the bulk of the job losses in London.

The firm will stay active in the fixed income, real estate and multi-asset sectors.

In February, Money Marketing revealed that Aviva Investors’ sustainable and responsible investment team and £1.1bn fund range are set to be sold off as part of the firm’s move to reduce its retail presence.

In March, it emerged that Aviva Investors head of European equities John Botham is to depart the business.

More to follow…

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