Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a657191

Trevor Matthews to leave Aviva

by Alex Steger , Jun Merrett on Feb 07, 2013 at 09:18

Trevor Matthews to leave Aviva

Trevor Matthews is to leave Aviva following a shake-up of the life company’s senior management.

Matthews joined Aviva in December 2011 as chief executive of Aviva UK. In April 2012 he was appointed executive director of developed markets.

He will step down from his current role and the Aviva board the day before its annual general meeting in May.

Matthews joined Aviva from Friends Provident where he had been vice chairman and chief executive.

He was also previously chief executive of Standard Life UK.

Matthews was handed a £2.5 million ‘golden hello’ when he joined Aviva. The payment was just over £2 million in shares as well as £470,000 in cash.

Matthews also received £58,154 for his first month’s work at Aviva alongside a £45,000 bonus. His annual salary in 2012 was £720,000.

Aviva declined to comment on whether Matthews was due a severance package. Previous Aviva chief executive Andrew Moss received a £1.75 million 'golden goodbye'  when he quit in May 2012 after a shareholder spring revolt over his pay.

David McMillan, chief executive of Aviva’s UK general insurance business has been appointed chief executive of Aviva Europe.

Nick Amin will join Aviva as its group transformation director and Jason Windsor will join the group as its chief strategy and development officer.

Sign in / register to view full article on one page

28 comments so far. Why not have your say?

Mad Eyes

Feb 07, 2013 at 09:30

Paul Brown via mobile

Feb 07, 2013 at 09:34

Maybe, just maybe he isn't that good. If people are foolish enough to pay him millions to join and millions as a pay off to leave - you can't blame him.

report this

David Trenner - Intelligent Pensions

Feb 07, 2013 at 09:38

"These changes are about ensuring we have the right people in the right jobs and that we have the best possible leadership team so Aviva can achieve its undoubted potential."

So Trevor Matthews was not the right person? Or was he not in the right job? And clearly he is not regarded as part of the 'best possible leadership team'.

report this

Hugh Jars

Feb 07, 2013 at 09:42

He's ready made for a senor post at MAS, or the FCA, surely ?

Given his track record of success in recent years, ?

Not sure how he would cope with the lack of accountability though....

report this

Kins

Feb 07, 2013 at 09:48

MM reported his as "stepping down" - can you step down and be pushed at the same time? That is very clever if you can.

Apart from popping up now and again to remind us of being Australian you don't really see or hear a lot from him yet he commands a premier league income. I am quite frankly baffled.

Executive Director of Developed Markets........sounds made up to me !!

report this

Martha

Feb 07, 2013 at 09:49

And I thought the world of football was fickle...

report this

Anitaki

Feb 07, 2013 at 09:56

He'd hardly moved in!!

This indicates headless chicken syndrome is alive in Norwich. I feel sorry for the policyholders who have to pay for these bad decisions.

report this

John Burchett

Feb 07, 2013 at 09:57

No interesting news around today?

report this

David IFA

Feb 07, 2013 at 10:00

His removal men must be making a fortune !! What a bunch of idiots run these Financial services companies.

report this

Sid Cynical

Feb 07, 2013 at 10:28

When he leaves in May he would have worked for Aviva for 18 months. Based on the above figures he has earnt the miserly sum of £184,619 per month.

The poor sod, he's been took for a ride by Aviva. Any one up for a whip round for poor Mr Mathews? NOT

report this

Dice McCairn

Feb 07, 2013 at 10:33

Bloody hell that man doesn't hang around for long.

He spent 2 minutes at Standard Life, 1.5 at Friends Prov before calling in at Aviva.

report this

Barman

Feb 07, 2013 at 11:08

DId they take this picture after telling him he was to be let go?

report this

Kins

Feb 07, 2013 at 12:11

@complacency rule..............here here, although he still has Aegon and Zurich to fleece before he goes !!!

report this

anthony hewkin

Feb 07, 2013 at 12:14

Another Top decision by Aviva - millions to join and millions to leave "G'day Trev "

It was an interesting year hearing about how many lunches you attended ?

report this

Kins

Feb 07, 2013 at 12:19

Q - do we think it is the financial services industry itself or the "big cheeses" at product providers that damages our reputation.

A - i think it is quite obvious.

report this

complacency rules

Feb 07, 2013 at 12:21

@Kins

Did you mean Hear! Hear! ?

Not sure whether you are warning me or agreeing with me.

report this

Huntiams

Feb 07, 2013 at 12:34

Not sure the shareholders will agree he made a 'considerable contribution'. Not a positive one anyway.

report this

Kins

Feb 07, 2013 at 12:40

@ complacency.

Indeed I do. Agree with your comments 100%.

The man seems to do little apart from eat free meals and spout about the incredible company (insert name here) that he represents (momentarily).

report this

Still Deciding

Feb 07, 2013 at 14:22

@anthony hewkins

We at Friends were missing hearing about all his lunches, it's good to hear that the good people at Aviva got to share in our joy...

report this

complacency rules

Feb 07, 2013 at 15:00

@Barman

Judging from the picture he is obviously full of wind. That could have been the lunches various people have referred to but I personally suspect that there is another reason.

report this

anthony hewkin

Feb 07, 2013 at 15:02

G'day

Today I had lunch with MP Joe Bloggs at Downing St - tomorrow i will be having lunch with the ABI at The Savoy and then Friday evening watching my son Hugo in his Eaton school play. On Saturday I'm flying to Cape Town to watch the rugby and then I will be at home on Sunday so probably won't have lunch but then good news back to work on Monday so will be having lunch at The Dorchester.

Have a great week guys, catch up next week. Trev x

Does that sound familiar ?

report this

Still Deciding

Feb 07, 2013 at 15:32

@anthony

one of the best comments that I've seen on this website.

report this

James Clancy

Feb 07, 2013 at 15:43

Now I know where gone wrong

Don't be loyal to the same company

Get a redhot employment solicitor

Talk telephone number salaries

give the confidence you know what you're doing and impress people that haven't got a clue.

Work for conglomerates who usually spend other people's money (in this case shareholders)

Associated with executives that lunch, go the evening and sports functions

Give the appearance you work -by leaving a space suit jacket on the back of the chair at all times.

report this

Kins

Feb 07, 2013 at 15:43

@anthony - that was very funny. It could have been Trev himself.

report this

Julian Stevens

Feb 07, 2013 at 20:15

A bed hopper with fingers in many pies http://investing.businessweek.com/research/stocks/people/person.asp?personId=8517850&ticker=MZI:AU

report this

PayneInTheirAss via mobile

Feb 07, 2013 at 20:45

@anthony

The man was responsible for many redundancies too. D'ya think he got any more than 4 weeks per year worked.

Aviva you are a joke. I'm better off outa there!!

report this

Chris Geeson

Feb 08, 2013 at 11:08

Me and Trev have history but I have to say he has done remarkably well since FP the way he has accumulated money is brilliant. However as I said once before my hat remains firmly uneaten. I should do the lottery if I was you Trevor you are a complete "shoe in" mate on current form

report this

Tony Clarkin

Feb 08, 2013 at 18:26

If they ever make a film about his career in the UK life industry they could call it Walking with Dinosaurs.

Good on ya mate!

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Long time coming: is the recovery here to stay?


Click here to watch a series of sponsored interviews with Jupiter's fund managers on the UK equity market.

Today's top headlines

More about this article:

Look up the shares

  • Aviva PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive


Sorry, this link is not
quite ready yet