Joel Lindsey has replaced Richard Jones as the head of Aviva Life Funds, as Jones steps up to managing director of Aviva Real Estate UK.

Lindsey, who has been at Aviva for six years, will head the £9.7bn of funds under management in Aviva Life Funds which covers all Norwich Union Life real estate investments in the UK.

Lindsey’s previous roles were running a number of discretionary funds including investments in infrastructure, serviced offices, retirement housing and student accommodation.

Richard Jones, managing director UK real estate at Aviva, said: ‘Joel brings a wealth of expertise to this role and we are pleased to promote him to this important role within the Aviva Investors real estate team.

'The changes we are making are part of our positioning for growth as a global business.’