Aviva Investors added a former Standard Life Investments multi-asset veteran to its ranks in a double a hire.
Ian MacCormick joins Aviva Investors multi-asset team as an implementation manager after a 16-year spell at Standard Life Investments (SLI). This included 12 years experience in dealing, where he focused on derivatives across multiple asset classes. He has been on sabbatical since leaving the firm in September 2016.
His role at Aviva Investors will include responsibility for trade execution in accordance with the investment objectives set out by fund managers in their strategies.
Meanwhile Harriet Reeves joins from Comac Capital, where she served as an analyst responsible for fundamental economic analysis. Prior to this, she was a research analyst at Nomura.
Reeves joins Aviva Investors investment strategy team as multi-asset strategist.
The double hire follows the recent appointment of Sunil Khrishnan as head of multi-asset funds, who will take up his new role in October.
‘I am very pleased to welcome Harriet and Iain to Aviva Investors,’ said Peter Fitzgerald (pictured), global head of multi-assets.
‘They bring many years of experience and specialist knowledge which will be beneficial as we continue to grow our multi-asset business.’
The hire of MacCormick will increase the rivalry between Aviva Investors and Standard Life Investments in one of the most competitive areas of the investment universe.
Last year Wealth Manager sister publication Modern Investor revealed Munro had managed to convince a key institutional investor to switch from Gars to Aims following a difficult spell for SLI's fund.
Aims has become a key revenue driver for Aviva. First half numbers from the firm showed profit jumped by 45% as assets under management in Aims surged beyond £12 billion.
The firm has recently set up four-strong London based sales team to meet growing demand for the strategy.