Dominic White, the manager of the Aviva Investors Distribution Fund, is to leave Aviva Investors to pursue other opportunities.
White joins several departures from Aviva this year after Dan Roberts, former equity income manager, left in April to join Gartmore and Roger Webb, the head of credit portfolio management, left his role in July.
The Distribution Fund has fallen by 8.74% over the past three years to September 10, against an Investment Management Association (IMA) Cautious Managed sector average fall of 1.81%.
Mark Wauton, the head of credit, will take responsibility for the funds following White’s departure. Chris Murphy will continue in his role as co-manager on the fund.
Wauton joined Aviva Investors in April from ABN Amro where he was head of strategic credit trading and was previously co-manager of the AlphaGen Credit Hedge Fund.
He will work closely with Dinesh Pawar, who recently joined Aviva Investors as head of flow trading in managing the fund as well as a team of analysts. The group will also start the search for a permanent replacement to join the retail credit team as portfolio manager of the fund.
“The investment approach remains unaltered and is driven by our market-leading process, with a clear focus
on credit risk management,” says Paul Abberley, chief executive of Aviva Investors.
The Aviva Investors Corporate Bond fund which White also manages will be transitioned to the Aviva Investors Sustainable Responsible Investment team. He will remain with the company during the transition period to effect a smooth handover of his responsibilities.