Aviva Investors has restructured its investment platform as part of a raft of changes at the firm aimed at improving cross-team ideas generation, with seven new hires and four employees leaving the group, including two global heads.
The restructure includes the creation of a new credit unit led by Colin Purdie, who has been promoted to the role of chief investment officer, credit, following his appointment to head of global investment grade credit in 2014. Investment processes will not change in the new credit unit, with the existing funds and mandates being run by the same people in the same way. A new solutions function has also been set up, led by Al Denholm in the newly created role of CIO Solutions, working across all of Aviva Investors' capabilities. Denholm joins from Prudential, where he was chief executi...
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