Aviva Investors' employees face 90-day wait for job clarity

Staff at Aviva Investors face a wait of up to 90 days before more clarity is given on jobs, following yesterday's announcement by the group that it plans to scrap four equity desks in London.

Aviva Investors said yesterday it planned to close its European, emerging market, SRI and global equity desks as part of a shake-up that will see 160 roles cut if the changes are approved. Simon Clark, head of wealth management at the group, said today there would be more news on jobs after a consultation period. "Those employees who are at risk face a 90 day consultation period. We will be able to reveal more after," he said. Investment Week understands Aviva Investors has informed fund buyers that although the four equity desks are set to be closed, the funds under their remit wi...