Starting from March 2009 Aviva Pensions has a new managing director in the form of Phil Jones, who previously held the position of deputy CEO of the Aviva Life Insurance company.
Starting from March 2009 Aviva Pensions has a new managing director in the form of Phil Jones, who previously held the position of deputy CEO of the Aviva Life Insurance company.
Phil Jones will replace Eugen Voicu, who will be concentrating on his role as managing director of Aviva Investors Romania. The year 2009 will be a year full of challenges for Aviva Romania, and in order to face these with vigour, changes at the management level have taken place in all three companies, as well as to ensure that key individuals have a single role.
Commenting on this appointment Phil Jones says: "Being directly involved in the development and implementation of the pensions business at Aviva Romania I am absolutely delighted at the opportunity which has been offered -that of leading Aviva Pensions in 2009. The Romanian private pensions industry is going through extremely interesting times as new regulations are being developed in a challenging investment environment. I'm prepared and can't wait to face these new challenges head-on and to offer our customers superior returns on their investments."
Phil Jones is a consummate professional, with over 15 years' experience in the financial sector. Phil started his career in the IT industry, before devoting himself to the financial sector. In 1990 he became financial director of the company GI. After eight years at this company he decided to follow another path and thus devoted the following 10 years to financial consultancy, holding acting management positions for clients such as Old Mutual, Citibank, UNUM, RSA and Axa.
Phil started collaborating with Aviva back in 2001, making a significant contribution to setting up Aviva India's business; he held positions there first as acting financial director and then as chief investment officer. He worked for head office in London on several Global Finance Transformation Projects.
Starting in August 2007 Phil aligned himself with the Aviva Romania company in the role of financial consultant; in an extremely short period of time he became acting financial director and starting in February 2008 he became a full employee of the company.
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For further information:
Lavinia Orăscu - Brand Communication Coordinator
Telephone: 0723 310 378
E-mail: lavinia.orascu@aviva.ro
Note for editors:
About the Aviva group
Aviva is the oldest insurance group in the world and the largest in Great Britain, dating back to 1696. Today, the Aviva Group has 57,000 employees and 45 million customers in 27 countries across the world.
The group is the market leader for life insurance and pensions in Europe, leading on the majority of the markets in which it operates.
Aviva has revenue from insurance premiums* and investments totalling €49.2 billion and manages over £359 billion worth of funds**, putting Aviva in fifth place in the top flight of international insurance companies.
Aviva Group Romania
Aviva Group Romania includes three companies: Aviva Life Insurance, Aviva Management Company for a Private Pension Fund, Aviva Investors Romania (purchased on 13 September 2007).
About Aviva Life Insurance and Aviva Management Company for a Private Pension Fund
Aviva began operating as a provider of life insurance in Romania in 2000 and currently insures over 1,100,000 customers. On 26 July 2007, Aviva received approval from the Oversight Committee for the System of Private Pensions to set up a company to administer private pensions (Aviva Management Company for a Private Pension Fund SA), and on 25 August 2007 received authorisation to administer its mandatory pension fund - Pensia Viva.
About Aviva Investors Romania
Aviva Investors Romania currently administers €15 million in four mutual funds, each of them based around a different type of investment: Aviva Investors (AI) Intercapital (a shares fund), AI Capital Plus (a diversified fund), AI Orizont (a fixed-income - bonds - fund) and AI Tezaur (a monetary fund). Aviva Investors Romania also administers individual investment accounts.
Aviva Investors Romania has shown throughout the years that it is one of the most dynamic and innovative administrators in the market. The company launched the first commission-free sales fund on the Romanian market (AI Tezaur) and the first bonds fund in Romania (AI Orizont). Aviva Investors Romania is also proud to support the growing investment funds market in Romania.
* according to data from 31 December 2007
** according to data recorded on 20 June 2007