AVIVA APPOINTS ANDREA MONETA

RNS Number : 8348Z

Aviva PLC

29 September 2009

 



29th September 2009

AVIVA APPOINTS ANDREA MONETA TO BOARD

Aviva plc ('Aviva') today appoints Andrea Moneta, chief executive of Aviva's European business, to its plc board with immediate effect. Andrea will join Aviva's three existing executive directors on the board: group chief executive Andrew Moss, chief financial officer, Philip Scott and Mark Hodges, chief executive of Aviva UK Life.

Aviva is a leading provider of life and pensions products in Europe.  Aviva's European business operates in 15 countries and the region is the single biggest contributor to Aviva's group sales. Aviva is the largest bancassurer in the region and sales through this channel increased by 13% in the first half of 2009. 

Andrea Moneta joined Aviva in July 2008 to lead Aviva's European operations outside the UK. He has extensive experience in European financial services. Before joining Aviva, Andrea was managing director of Dubai Financial Group. He also held senior executive positions with UniCredit, including group CFO, and previously worked for the European Central Bank and Accenture.

Lord Sharman, chairman of Aviva, comments:

'I am delighted that Andrea will join the board. Andrea's deep experience in European financial services and his understanding of banking partnerships is a real asset as we develop Aviva internationally and further strengthen our bancassurance capability.' 

Andrew Moss, group chief executive, comments:

'Andrea is leading the transformation of Aviva's European business. He is an outstanding leader whose entrepreneurial approach, vision, and track record in financial services will help Aviva realise its full potential in Europe.'

Aviva will hold a presentation to investors on plans for its European business on 22nd October.

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Enquiries:

Media

Vanessa Rhodes, senior group media relations manager       [phone]

Hayley Stimpson, external affairs director                                [phone]

Sue Winston, head of group media relations                           [phone]

James Murgatroyd/Ed Simpkins, Finsbury                               [phone]

Analysts

Charles Barrows, investor relations director                           [phone]

Notes to editors:

• A photograph of Andrea Moneta can be downloaded from the media centre at 

            http://www.aviva.com/media/images-and-logos

• Andrea is 44, Italian, and qualified as dottore commercialista and revisore contabile (certified chartered public accountant). He is married with two children.

• In accordance with paragraph LR 9.6.13R the listing Rules, Aviva confirms there is no information to be disclosed in terms of LR 9.6.13R (2) to LR 9.6.13R (6) inclusive, in respect of Andrea Moneta.

• At the date of appointment Andrea Moneta has a beneficial interest in 394 ordinary shares of the company.

• Aviva is the world's fifth largest* insurance group, serving 50 million customers across Europe, North America and Asia Pacific. 

• Aviva's main business activities are long-term savings, fund management and general insurance, with worldwide total sales of £51.4 billion and funds under management of £381 billion at 31 December 2008.  

• We are the largest insurance services provider in the UK and a leading provider of life and pension products in Europe.  

• The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive.

• For broadcast-standard video, please visit www.thenewsmarket.com/aviva.  

*based on gross worldwide premiums at 31 December 2008

 

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