Aviva Investors to Close Only US Office in Fresh Blow to Chicago

Aviva Plc’s asset-management arm plans to close its only US office, focusing on its home country of the UK as well as Canada for physical trading locations.

Aviva Investors will shut its business in Chicago toward the end of the year and expand its high-yield, credit-research and trading teams in London and Toronto, a company spokesman said. The firm said it remains committed to North America, with continued distribution efforts in Canada and an ongoing exploration of distribution partnerships in the US.

While only 25 jobs will be affected, it’s the latest sign that Chicago — which for decades ...