News

Robert Lough appointed director of strategy and business development for Aviva Europe

29 June, 2010

Aviva today announces the appointment of Robert Lough as director of strategy and business development for Aviva Europe with effect from 1 July 2010. Robert will join the European executive committee reporting to Andrea Moneta, chief executive, Aviva EMEA.

Robert will be responsible for leading the corporate strategy, business development and M&A teams of Aviva’s European businesses, comprising very strong franchises in the region, including the growth markets of Poland, Turkey and Russia.

Robert joins from Pioneer Global Asset Management, the fund management arm of the UniCredit Group, where he served as chief financial officer and head of strategy. In addition to experience of working in Europe and emerging markets, he has more than 20 years’ experience in investment banking as an advisor in the financial services sector, in international equity capital markets and corporate restructuring.

Andrea Moneta said: “I am delighted that Robert is joining my team. He brings considerable experience, business acumen and creativity at an exciting time for Aviva.”

Robert Lough said: “Aviva has a leading franchise in Europe, supported by a powerful brand, excellent credit ratings and a disciplined use of capital. I am looking forward to working with the team, contributing to the strengthening of our strategic relationships, and delivering on the market opportunities in the region.”

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Enquiries:

Media
Vanessa Rhodes, senior manager group media relations                 
+44 (0)20 7662 2482

Conor McClafferty/Nick Woodruff, Finsbury                                                
+44 (0)20 7251 3801

Analysts
Charles Barrows, investor relations director                                      
+44 (0)20 7662 8115

Jonathan Price, head of investor relations                                        
+44 (0)20 7662 2111

Notes to editors:

• Aviva is the world’s fifth largest* insurance group, serving 53 million customers across UK, 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 £45.1 billion and funds under management of £379 billion at 31 December 2009. 
• Aviva operates in Europe with a clear two part strategy to capture the considerable opportunity in the region: firstly Aviva Europe’s "Quantum Leap" which is transforming the previously federated system of 12 companies into a single, effective and efficient pan-European business (Aviva Europe SE) and, secondly, the strategic development of our 58% holding in Delta Lloyd following the IPO in November 2009.
• In 2009, Aviva Europe generated more than £16.3 billion of sales (36% of group total) through its retail and bancassurance distribution channels making a significant contribution to value creation and delivering £797 million IFRS operating profit (39% of group total).
• 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.aviva.com/media/video/  
• Follow us on twitter: www.twitter.com/avivaplc  

* based on gross worldwide premiums at 31 December 2008