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New role for ex-Standard Life manager

Cumming poised for equities job at Aviva Investors

David Cumming

David Cumming: quit Standard Life after the merger was announced


Former Standard Life Investments’ star manager David Cumming‎ is in advanced discussions about a senior role at Aviva Investors, according to City sources.

Aviva manages assets worth more than £350bn and is run by Euan Munro, the division’s chief executive and ‎a former Standard Life colleague of Mr Cumming who is expected to be appointed head of global equities.

He left Standard Life Investments soon after the merger was announced between Standard Life and Aberdeen Asset Management, becoming the highest profile defection from the merged business.

He was said to have been overlooked for the top job at Aberdeen Standard Investments despite his portfolio outperforming his peers by 42% over the previous year. His five-year performance was up 52%.

As head of equities he became well known to radio listeners as a critic of boardroom behaviour, particularly on bonuses and takeovers.

He is known to have spoken to a number of interested rivals and Sky News says that if he opts for Aviva Investors it is likely Chris Murphy, the current global head of equities, will revert to a UK-focused role within the business.



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