Steve Felix, the head of real estate client relations for North America at London-based asset management business Aviva Investors, is to leave the firm at the end of the year.
Felix joined Aviva Investors in September 2008. He was tasked with building investor relations and promoting the funds of funds managed by the platform which, according to an internal email detailing Felix’s departure, currently manages approximately $8.7 billion of equity on behalf of public and corporate pension funds.
Felix’s exit comes as Aviva “reorganises the way it markets and supports its clients”, according to the email jointly written by Felix, Ed Casal, Aviva‘s chief investment officer, and Americas head Russ Bates.
The reorganisation will form a “generalist central-contact model for Real Estate Multi-Manager”, the fund of funds business for which Felix had served as a point of contact for institutional investors. “As a result, Steve’s position is being eliminated,” the email explained.
Besides his work in client relations, Felix was also well known for his commentaries and for his weekly blog entitled “On the road with Steve Felix”. He has also written commentaries for PERE.
“Steve remains a close friend of the Real Estate Multi-Manager team and we deeply appreciate his service over the past three years, “ continued the email, “As usual, he has a number of ‘next step’ ideas.”
Aviva was not available for further comment on the reorganisation.