Mihai Popescu is the new chief executive of Aviva Romania as from the 31 May 2010; the appointment is to be submitted to the Insurance Supervisory Commission for approval.
Mihai Popescu is the new chief executive of Aviva Romania as from the 31 May 2010; the appointment is to be submitted to the Insurance Supervisory Commission for approval. Mihai succeeds Shah Rouf, who left Aviva Romania Company in February 2010 to take up the position of chief executive of Aviva Sri Lanka.
Mihai Popescu has a 10-year experience in marketing and sales in the financial services industry.
In 2003 he joined Alico Company (formerly AIG) as manager, Financial Institutions & Group Management Division, and in 2008, in recognition for the achievements of the Bank Assurance & Employee Benefits Division, which Mihai established, he was promoted to a new position – chief marketing officer. The experience accumulated with the Alico Company was completed by the three years spent with Citibank (2000-2003), where his responsibilities included relationship manager, Global Relationship Banking and five years of various management roles in marketing and sales for P&G Balcani.
Mihai Popescu is a graduate of the Technical University Bucharest.
“I am delighted to welcome Mihai to Aviva and I am convinced he will be an extremely important member of our management team at Aviva Europa. Experience in the financial field, knowledge of the local insurance market and of the business environment in Romania are just some of the trump cards that Mihai brings to the Aviva Romania management and which will guarantee the future development of the company and ensure his success,” Stated Andrea Moneta, CEO Aviva Europa.
“I am eager to join a company with over 300 years of experience, which during all this time, has proved to be an extremely stable organization financially. Aviva constitutes an example in terms of commitment to clients, employees, distributors and the community within which it works. Romanian customers benefit from standardized processes, implemented with the best practices drawn from all the Aviva Europa countries, and this is living proof that Aviva Europa will soon become a true pan-European organisation,” stated Mihai Popescu, CEO Aviva Romania.
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For further information:
Lavinia Pavel – Tomi Tom (Aviva Romania PR Consultancy Agency)
Telephone: 0724 282 323
Email: lavinia.pavel@tomitom.ro
Alex Cirlan – Head of Marketing Aviva Romania
Telephone: 0723 310 378
Email: alex.cirlan@aviva.ro
Notes for editors:
About the Aviva Group
Aviva is the oldest insurance group in the world and the largest in Great Britain, with a history dating back to 1696.
Today, the Aviva Group has 54,000 employees and 50 million clients in 28 countries world-wide*
The Group is European leader in life and pensions insurance, occupying top positions in the majority of the markets where it is operates.
Aviva has funds under management of over £352 billion, * which places Aviva in fifth position in the world insurance companies ranking.
Aviva Group Romania
Aviva Group Romania includes three companies: Aviva Life Insurance, Aviva Management Company for a Private Pension Fund, Aviva Investors Romania (acquired in November 2007).
About Aviva Life Insurance, Aviva Management Company for a Private Pension Fund
Aviva started its life insurance activity in Romania in 2000, holding currently a portfolio of over 50,000 clients (excluding credit life insurance) and has funds under management of £27 million. In 2007 Aviva has created a pensions company which deals with the management of the mandatory pensions fund Pensia Viva and which currently holds a portfolio of over 370,000 clients.
About Aviva Investors Romania
Aviva Investors Romania currently manages €10 million from eight mutual funds, of which five open, each based around a different type of investment: Aviva Investors (AI) Intercapital (a shares fund), AI XT Index (index fund), AI Capital Plus (a diversified fund), AI Orizont (a fixed -income – bonds – fund) and AI Tezaur (a monetary fund) as well as three closed investment funds: AI Everest, AI Leader, and AI Properties RO. Aviva Investors Romania is also prominent on the market as leader of private investment funds accounts. Aviva Investors Romania has shown throughout the years that it is one of the most dynamic and innovative managers 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 recorded on 30 June 2009