AV. Aviva Plc

By David Ricketts

Of Financial News

Aviva Investors, the 355 billion-pound ($485.39 billion) fund management arm of the U.K.-listed insurance group, has appointed Mark Versey as its next chief executive.

Mr. Versey, currently chief investments officer for real assets at the firm, replaces Euan Munro, who is leaving to join another asset manager after seven years in the top job. It is understood he will take up his new position later in the year.

Mr. Munro joined Aviva Investors from Standard Life Investments, where he was global head of multiasset investing and fixed income.

Mr. Versey joined Aviva Investors in 2014 and sits on the investment committee of the Investment Association, the U.K. fund management trade body, and chairs its sustainability and responsible investment committee.

Amanda Blanc, Aviva Group CEO, said: "Mark is the leader that Aviva Investors needs to take it forward. Aviva Investors is a core part of Aviva and its investment capabilities are critical to our ambition to be the U.K.'s leading insurer."

She added: "Aviva Investors has a significant role to play in the delivery of Aviva's strategy, providing Aviva customers with attractive investment solutions for each step of their lives.

"I would like to thank Euan Munro for his leadership of Aviva Investors over the past seven years. He leaves with our best wishes for the next stage of his career."

Website: www.fnlondon.com

(END) Dow Jones Newswires

January 04, 2021 08:07 ET (13:07 GMT)

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