Aviva Investors marks first year as one global integrated asset management business.* Reshaping of investment processes around global solutions and high alpha offerings * Third party and cross-border products and services launched DES MOINES, Iowa “Des Moines” redirects here. For other uses, see Des Moines (disambiguation). Des Moines (pronounced /dɪˈmɔɪn/ in English, -- Aviva Aviva plc (LSE: AV.) is the world's fifth-largest insurance group, the biggest insurance group in the UK and the second-largest insurance group in Canada. Worldwide, it trails behind AXA, Allianz, ING and Fortis. Investors, the global asset management business of Aviva plc, today marked the first year of integrating eight existing operations around the world into a single asset management business. Aviva Investors today has 1,330 employees, operates in 15 countries and was managing more than $362 billion (US) at the end of June June: see month. 2009.1 Aviva Investors Chief Executive, Alain Alain: see Chartier, Émile Auguste. Dromer, said from London London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. : "The integration of Aviva's asset management companies from around the world and transformation into one global asset management business is a long journey that has started extremely well. In the most volatile market in decades we have maintained assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , developed cross-border activities and won significant third party mandates aided by our strong focus on risk awareness. "Aviva Investors now has the capabilities and resources to deliver superior investment performance and service to our internal and third-party clients globally. Our aim is to be at the forefront of helping solve the world's retirement needs by providing intelligent risk-aware investment solutions and products. "Clients are at the heart of everything we do and, through this difficult year, we have focused on maintaining contact to keep them fully informed of the ever-changing market developments. In Aviva plc we have a strong parent that provides us with the long term perspective and the proven culture of risk management that are so essential to our clients. "Most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially we now have a large team of talented professionals, many of whom have joined during the past year; they share the vision and the ambition to contribute to building the future of asset management. "Our strategy to better serve our clients with the benefits of operating globally is being tangibly realised and will continue to be a key focus for Aviva Investors. In spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite launching effectively as a 'start-up' global asset management business during an unprecedented financial downturn Downturn The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. , we have achieved many positive milestones." Key Aviva Investors milestones in the first year include: -- Reshaping investment processes around globally scaleable solutions and high alpha offerings -- Growing cross-border and third-party sales - first cross border product launch -- Continuing to attract the talent needed to lead a high performance culture, including the recent completion of appointments to the Executive Committee -- Establishing a sales presence in the North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and France to support third-party sales and strengthening the Asia-Pacific sales presence Greg Boal, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aviva Investors North America, Inc., which is headquartered here, said: "We have established Aviva Investors in our first year as an institutional asset manager with local expertise and global reach. I noted in our launch announcement one year ago that we would leverage our experience and investment expertise across borders to deliver superior investment solutions to our clients in North America and around the world. As Alain has described, we are well under way in delivering on that objective." Notes to Editors Aviva Investors Aviva Investors is the global asset management business operated by affiliates of Aviva plc, the world's fifth-largest insurance group.2 The affiliates operate under a single brand with more than 1,300 employees in 15 countries across Asia Pacific, Europe, the UK and North America. Aviva Investors affiliates manage more than $362 billion worldwide.1 No Aviva Investors affiliate is engaging in or holding itself out as engaging in the business of advising others as to investing in securities or the business of buying or selling securities in any jurisdiction where it is not qualified to do so. 1 - As of June 30, 2009 2 - As of December 31, 2008 |
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