Cumming shakes up Aviva Investors on day one...

Tuesday, 2 January 2018, 6:27 pm

David Cumming isn't wasting any time.

The former Standard Life equities supremo has started his new role as chief investmne officer at Aviva Investors with a bit of a shake up. According to moles at the fund management of the insurance giant, Cumming declared after his first 58 minutes in his new job that the firm can't claim to be "global equity investor" if it is using delayed prices.

Cumming's declaration comes after, according to moles, he discovered the company had been investing using delayed prices as it was cheaper.

Betaville suspects such a move probably hasn't gone too well with Aviva's old guard.....

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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