Aviva Investors has proposed the closure of its Global Listed Real Estate Securities business, including the Global REIT fund run by Paul Van De Vaart, as it has "insufficient scale".
The group has placed all funds in the business under review, according to a note to clients, and said it is likely that desks in New York and London will be closed. However, Aviva also said it was re-focusing...
Acquired platform from AXA UK
Replaced by chief revenue officer Martin Stead
Nearly 18 years at the firm
Acquisition will add £12bn assets
Big plans for EMEA region