UK insurance giant Aviva said overall operating profit from its life and general insurance and health businesses across Asia grew to £238m in 2015, up from £85m the previous year, in part due to a big contribution by Friends Provident International.
Aviva has announced two changes in its General Insurance division; while Deutsche Bank has appointed a chief country officer for Luxembourg. PwC has named a new global chairman, with Jersey Finance establishing a greater London presence.
FPI has named a new financial director and Source has appointed a UK chief executive. In spite of break-up rumours, Old Mutual Wealth has hired a head of proposition from Sanlam. Both Vonobel and Aviva Investors announced departures.
Half of UK residents in their 40s and 50s have not yet started planning for their retirement, according to a recent Aviva study.
After more than a decade as head of emerging market equities, Schroder’s Conway is set to retire. Several high profile people moves have been made in Asia of late; with Aviva, Allianz, and the Hong Kong Monetary Authority announcing changes.
Lombard International has named former UBS Deutschland chief executive Axel Hörger as head of its European operation, succeeding current incumbent John Van Der Wielen.
Aviva Investors’ Scott Callander is picking up a new role as he prepares to depart the Middle East, bound for Asia in the summer.
Several senior appointments and a departure were announced this week at Sanlam, while Aviva Investors lined up new leadership for liquid markets. First Names made two Isle of Man appointments, with two new appointments to AIC’s board also announced.
Old Mutual Wealth-owned adviser network Intrinsic is believed to have begun talks to buy Tenet, according to UK media reports.
Board and senior appointments were the name of the game this week with Momentum Pensions and Brown Advisory adding to their boards, while Old Mutual International and Sun Life were among those announcing changes at senior levels.
Charles Barrows has been named the new managing director of Friends Provident International Hong Kong with immediate effect, following a restructure which saw the departure of former Asia chief James Tan.
The appointment merry-go-round has begun to turn in 2016; with Aviva Investors, Old Mutual Global Investors, and BNP Paribas Securities Services among those announcing appointments, promotions, and departures.
