Aviva outsources fund management to DBS and others

The life insurer plans additional mandates this year for its Singapore-based assets.

The Singapore arm of UK-based insurer Aviva has outsourced as much as S$3 billion $1.8 billion to two external managers, and plans to outsource more this year, says Keith Perkins, Singapore-based CEO.

The deal is a result of Aviva sister company Morley Fund Management closing its Singapore office last year. Morley had previously managed the Aviva assets.

We had a choice, says Perkins. We could either outsource it, or develop...

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