Aviva Investors to dismiss ten equity fund managers in cost-cutting move - reports

Equities CIO David Cumming has left

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Aviva Investors CEO Mark Versey
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Aviva Investors CEO Mark Versey

Aviva Investors, the investment arm of insurer Aviva, is reported to be laying off ten equity managers in an attempt to cut costs, with high-profile managers including Mikhail Zverev set to leave the firm.

Aviva Investors has confirmed that "a number of roles have been put at risk" in its equities team, and said that consultations with the "impacted individuals" were underway, adding that "we are unable...

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