31st Mar 2008 09:30
Aviva PLC31 March 2008 News release 31 March 2008 AVIVA APPOINTS NEW CEO FOR EUROPE Aviva, the international savings, investments and insurance group, has appointedAndrea Moneta as CEO, Aviva Europe. Andrea is currently managing director ofDubai Financial Group and will join Aviva on 1 July. He will be a member ofAviva's group executive committee, reporting directly to group chief executiveAndrew Moss. Andrea has extensive experience in the European financial services arena.Before joining Dubai Financial Group, he spent seven years at UniCredit, wherehe held a number of roles including Group Chief Financial Officer and head ofthe Private & Asset Management Division. He was head of the New Europe Divisionof UniCredit, with responsibility for operations in ten Central Europeanmarkets, before leading the integration of UniCredit and HVB/BA-CA - one ofEurope's largest ever banking mergers. Having successfully completed thatmerger, Andrea was given additional responsibility for the enlarged bankingbusiness in Central and Eastern Europe, with operations in 18 countries. Prior to joining UniCredit, Andrea worked as head of strategic planning at theEuropean Central Bank in Frankfurt. He began his career at Andersen Consulting,Financial Services. Aviva's European operations are the biggest contributor to the group's operatingprofit. The company has a presence in 15 countries across Europe, sellinglong-term savings, investment and general insurance products through a range ofdistribution channels, with a particular strength in bancassurance. In 2007,bancassurance accounted for 51% of Aviva's European sales. Andrew Moss, group chief executive of Aviva, commented: "Andrea has an enviableunderstanding of the European financial services market. He has an excellenttrack record of developing and running successful businesses across Continentaland Central and Eastern Europe and the Middle East. At UniCredit he played aleading role in the company's international expansion, making it a leading forcein European banking. "Andrea's appointment completes the formation of my new executive team and hewill play a key part in delivering our 'One Aviva, twice the value' vision,taking our European business to the next stage of its growth and development.His understanding of the value of strong insurance and banking partnerships froma partner's perspective will be invaluable in the further development of ouralready strong bancassurance capability." - ends - Enquiries: MediaSue Winston, head of group media relations +44 (0)20 7662 8221Danielle Anthony, senior group media relations manager +44 (0)20 7662 9511James Murgatroyd/Ed Simpkins, Finsbury +44 (0)20 7251 3801 AnalystsCharles Barrows, investor relations director +44 (0)20 7662 8115Jessie Burrows, head of investor relations +44 (0)20 7662 2111 Susie Yeoh, investor relations manager +44 (0)20 7662 2117 Notes to editors: • A photograph of Andrea Moneta can be downloaded from the media centre at www.aviva.com• Andrea is 42 and is married, with two children.• Aviva's executive management team comprises: - Andrew Moss - group chief executive - Philip Scott - group finance director - Tom Godlasky - CEO North America - Simon Machell - CEO Asia Pacific - Mark Hodges - CEO UK Life - Igal Mayer - CEO UK General Insurance - Andrea Moneta - CEO Europe - Alain Dromer - CEO Aviva Investors - John Ainley - group HR director - Anupam Sahay - group strategy and development director - Amanda Mackenzie - group marketing director • Aviva is the leading provider of life and pensions to Europe with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums at 31 December 2006. • Aviva's principal business activities are long-term savings, fund management and general insurance, with worldwide total sales of £49.2 billion and funds under management of £364 billion at 31 December 2007. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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