View more on these topics

Aviva to merge investment arms

Aviva is to pull its investment arms under the Aviva Global Investors banner after hiring new Morley chief Alain Dromer to head up the operation.

The group is dividing its business into the four regional segments of UK, Europe, North America and Asia Pacific in what the firm describes as a move towards ‘One Aviva’.

Aviva chief executive Andrew Moss says the move will cover all the investment management businesses. He says: “The interests of our customers and shareholders are best served by our businesses acting as one group and we are headlining the changes we are making as a move to “One Aviva”.

“We will continue to encourage the entrepreneurial spirit that has led to great success in our individual businesses in the past, while ensuring that investment is channelled into areas where returns are attractive relative to risk.”

No announcement has been made on whether some of the group alternate brand names like Norwich Union will fall under the Aviva banner in the long run.


Leaviss heads M&G corporate bond fund

M&G head of UK retail fixed income Jim Leaviss is to take over the group’s £1.1bn high-yield corporate bond fund from David Fancourt, who is moving to M&G’s collateralised debt obligations team.

F&C in the black

F&C announced its first pre-tax profit yesterday, recording a £7.9m return for the first six months of 2007.

BBA’s Angela Knight says FSCS “olive branch” is not enough

British Bankers’ Association chief executive Angela Knight has hit out at the FSA over its latest Financial Services Compensation Scheme reform announcement claiming the regulator has failed to address all her concerns.The FSA has changed some of its proposals to radically reform the FSCS by dropping plans for wholesale firms to contribute in a general […]

Focus on profits pays off for Pru

Prudential’s profits surged by 39 per cent in the first half of this year despite the restructuring of its UK arm which resulted in sales falling by a fifth.Interim profits were £2.08bn compared with £1.47bn in the first half of 2006.New business premiums for the group rose by 12 per cent on an annual premium […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


News and expert analysis straight to your inbox

Sign up


    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 thought leadership.

    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