Euan Munro: We’re trying to eat the industry’s lunch

Mr Munro won acclaim for being the architect of Standard Life Investments' absolute return Gars strategy before joining Aviva Investors in 2014. Mr Munro says that, based on a multiple of 10 times earnings, Aviva Investors was worth about £700m when he arrived. "We're now moving into a phase we've called internally diversified excellence, where we open up new fronts and start to win business in other areas. I think you've got to put that in the context of where you're trying to take the business." On Britain's looming exit from the EU, Mr Munro says Aviva Investors is well positioned. As the interview draws to a close, Mr Munro finds himself raking over old coals, including a dealing incident at Aviva in 2015 when the company was forced to pay an £18m penalty and £132m compensation after rogue trading was discovered.

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