(London) Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces the appointment of Mike Craston as Non-Executive Director, effective immediately, and Chairman of the Board, Aviva Investors Holdings Limited (AIHL), effective 17 November 2017. His appointment has been approved by the UK Financial Conduct Authority.
Mike will succeed John Misslebrook, who will retire from the Board in November having served as Chairman of AIHL since January 2014. The AIHL Board would like to record its appreciation for the contribution John has made to Aviva Investors.
As Chairman, Mike will be a member of the Risk, Audit and Remuneration Committees and has also been appointed Chairman of the Nomination Committee. Mike was a member of the Aviva Investors Executive Committee between January 2015 and June 2016, during which time he led the Client Solutions function. Prior to joining Aviva Investors, Mike worked at Legal & General Investment Management for over 10 years, during which time he led global distribution and client servicing and also served as CEO for its America and Asia businesses.
He was succeeded as Global Head of Client Solutions, Aviva Investors, by Louise Kay in June 2016.
Mike Craston said:
“It will be a privilege to chair Aviva Investors. John Misselbrook has played a key role in the transformation of the business and I would like to thank him personally for his support. I strongly believe in the growth potential of Aviva Investors and look forward to working closely with the Executive Committee to deliver its strategy.”
Euan Munro said:
“John’s deep operational experience as Chair has been vitally important as we reset Aviva Investors to safely support sustained growth. Mike’s experience in running a rapidly-growing international business and passion to improve client outcomes is exactly what we need for the next phase of our journey.”
John Misselbrook, Chairman, Aviva Investors Holdings Limited, said:
“Aviva Investors has made significant progress in recent years under the executive team led by Euan Munro; growing external assets under management, delivering more meaningful profits to the Aviva Group and significantly improving its risk and control framework. Mike has an excellent track record in the asset management business, and his appointment as Chair has the full support of myself and the AIHL Board. I wish him well.”
Notes to editors
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Except where stated as otherwise, the source of all information is Aviva Investors Global Services Limited (“Aviva Investors”) as at 11 November 2017. Unless stated otherwise any views, opinions expressed are those of Aviva Investors. They should not be viewed as indicating any guarantee of return from an investment managed by Aviva Investors nor as advice of any nature. The value of an investment and any income from it may go down as well as up and the investor may not get back the original amount invested. Past performance does not indicate future results.
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Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 15 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of £351 billion as at 30 June 2017.
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