Aviva Investors has hired Mark Versey, chief investment officer at Friends Life, as its new director of client solutions.
Versey will offer outsourced CIO support to the group's clients, including the wider Aviva group, reporting directly to its new CEO Euan Munro.
Both Munro and Versey will start their roles in January.
An Aviva spokesperson said: "In this new and pivotal role, Mark will work closely with our new CEO to further strengthen our investment proposition, support our internal clients and grow the business externally as we embed our focus on investment solutions that deliver income with low volatility.
"That we have attracted someone of Mark's calibre to this role is a strong indicator of the positive direction of our business."
Versey headed up Friends Life for over three years and was involved in setting up its Friends Life Investment asset management arm last year.
He was previously CIO at AXA UK and has worked at Morgan Stanley, Lehman Brothers and Deutsche Bank.
The appointment comes five months after Aviva Investors poached Munro, one the founders of Standard Life Investment's GARS, for the role of chief executive.
The firm has also recently cut 6% of its global staff, including senior members such as head of credit Mark Wauton and head of quantitative equity solutions Iyan Farah.
However, Jeremy Leadsom, sales director UK financial institutions, told Investment Week there will be a number of new key hires in the coming year.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till