The "improper" allocation of trades in fixed income securities by two former employees cost Aviva Investors some £132m, it has announced.
Attitude to property investment sure has changed in recent months
Are corporate bonds set to make a comeback?
Aviva Investors has hired Mark Versey, chief investment officer at Friends Life, as its new director of client solutions.
Aviva Investors is to cut 6% of its workforce around the globe as part of parent company Aviva Group's major cost-cutting plans.
Aviva Investors is to close its UK Special Situations fund after one of its managers, ex-Schroders UK equities head Richard Buxton, joined Old Mutual Global Investors.