Hibernian investment managers will now trade under the global brand name of Aviva Investors, becoming part of an €297bn world fund management group.
Irish staff will now work alongside Aviva investors colleagues as part of a single business with 1,100 employees working in 21 locations around the world.
Aviva, the world’s fifth largest insurance company, is investing to transform its asset management business over the next few years into one that significantly increases its contribution to group profit and becomes an investment powerhouse on a global scale.
Martin Nolan, chief executive officer, Aviva Investors, Ireland, said the new revamped group will now be a single business with a global outlook and specialist expertise.
“An immediate example of the benefits of this is that the very successful High Yield Equity Fund which was designed and is managed here in Ireland will soon be available to Aviva Investors clients around the world.”
Mr Nolan said as a global brand this will allow Aviva attract and retain the best people.
“People want to work for a business with a name that stands out on the world stage and we believe that our new, single structure and brand will unify and energise the business and create a single culture with a shared sense of purpose and pride.”
Aviva Investors chief executive Alain Dromer, pointed out that the exceptional tensions experienced in the past few weeks have highlighted the benefit of operating globally to service all our clients better.
“This is not just about rebranding. It is a radical change, driven by the value that we can deliver to our clients. It’s about creating a new approach to asset management for Aviva and building a dynamic new business that can provide truly global investment solutions,” added Mr Dromer.
Aviva Investors combines businesses in Ireland (Hibernian Investment Managers); Australia (Portfolio Partners); France (Aviva Gestion d’Actifs); Poland (CUIM Polska); North America (Aviva Capital Management, MFM International, Aviva Investment Canada; Romania (CertInvest) and the UK (Morley).