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.
Aviva Plc, Britain’s second-biggest insurer by market value, will cut 160 jobs at its asset management unit as the European sovereign debt crisis and the deteriorating U.K. economy crimp sales.
Aviva Investors, which manages the equivalent of $420 billion, says it is preparing for this weekend’s Greek elections by betting the euro will weaken and European stocks will decline.
Aviva Investors sees value in some of Europe’s riskiest bank debt as defaults in the region decline amid signs of economic stability.
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