Aviva Investors’ Chief Investment Officer Shahid Ikram has left the firm following a review of the business, according to a person with knowledge of the matter.
Jean-François Boulier has been made chief investment officer of fixed income, keeping his position as chief executive officer of Aviva Investors Europe, said the person, who asked not to be named as the matter is private.
Aviva Investors, the asset-management unit of U.K. insurer Aviva Plc (AV/), is cutting about 6 percent of its workforce, a person briefed on the matter said in November. Mark Wauton, who headed credit investments, and Iyad Farah, who was in charge of quantitative-equity strategies, were among about 60 employees who left as part of wider job cuts announced by London-based Aviva in April.
Financial News reported earlier today that Ikram, 47, had departed in December. An Aviva official declined to comment.
Mark Wilson, who succeeded Andrew Moss as chief executive officer of Aviva in 2013, has eliminated about 2,000 jobs, replaced senior managers and is trimming costs to rebuild capital depleted by the financial crisis.
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