Nick Mansley, head of global multi-manager funds at Aviva Investors, has left the company.
Mansley had overall responsibility for Aviva’s multi-manager business across asset classes, which included equities, fixed income and infrastructure alongside real estate.
However, Aviva made a decision late last year to restructure the multi-management side of the company, so that each multi-manager team is managed by the heads of their respective asset class. This means that real estate multi-manager will return to the control of the company’s global real estate group, making Mansley’s role obsolete.
The shake-up of the multi-manager business is thought to be part of a wider overhaul by John McFarlane, who became chairman of the insurance giant in July. McFarlane took over after his predecessor, Andrew Moss, resigned following a shareholder revolt over the size of his executive pay packet.
McFarlane announced plans to cut as many as 800 jobs in the UK and to sell out of its least-profitable businesses shortly after joining the company.
Mansley joined the multi-manager business in 2008 from asset manager Morley Fund Management, the asset management business now subsumed into Aviva. At Morley he was strategy and investment director for global real estate.
Last week EG revealed that debt specialist James Tarry had joined Aviva to head a new senior debt fund. His work is expected to include a UK-focused senior debt fund Aviva is setting up in conjunction with its mortgage business, Aviva Commercial Finance. The fund will invest initially in the UK.
sophia.furber@estatesgazette.com
