BREAKING NEWS

BREAKING NEWS

Top LSE investor Aviva to vote against TCI at shareholder meet

Top LSE investor Aviva to vote against TCI at shareholder meet
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LONDON (Reuters) - A top investor in the London Stock Exchange said on Friday that it would vote against a resolution put forward by hedge fund TCI to oust Chairman Donald Brydon at a forthcoming shareholder meeting.

Trevor Green, head of UK equities at Aviva Investors, said he would back Brydon at the meeting on Dec. 19, having had a "long-running and constructive relationship" with him during his tenure at the LSE and, before that, software company Sage.

"The role of chief executive at the LSE is a prestigious position, and I feel confident that the nominations committee will appoint a suitably impressive individual to carry on the work that Xavier Rolet did at the company to get it where it is today," he said in a statement.

Aviva Investors is the 16th-biggest investor in the LSE, Thomson Reuters data showed.

(Reporting by Simon Jessop; editing by Maiya Keidan)

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