Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Aviva appoints Wilson as CEO

Aviva appoints Wilson as CEO

Aviva has appointed Mark Wilson as chief executive officer of the firm.

Wilson, who was chief executive officer and president of insurance firm AIA Group, was tipped to be the front-runner for this role and will assume his position at the start of next year.

During his time at AIA, between 2006 and 2010, he prepared the company for its initial public offering, which stood at $36 billion at the time of listing. AIA currently has a market capitalisation in excess of $46 billion.

Overall Wilson has more than 25 years’ experience in the insurance industry across life and general insurance, as well as asset management, across markets.

Since leaving AIA, he has been involved in private equity, with Blackstone and other private equity firms.

John McFarlane (pictured), chairman of the firm – who had been acting chief executive pending the appointment of a CEO – will become non-executive chairman at the start of next year.

McFarlane said: ‘His [Wilson's] appointment follows a comprehensive global search process which produced a shortlist of exceptional internal and external candidates.

‘The decision to appoint Mark was unanimous and I am confident he will not only execute the initial agenda currently in progress, but also steer the group forward successfully over the medium term.’

In his new role, Wilson will receive a basic annual salary of £980,000, as well as a bonus opportunity for 2013 that will pay up to a maximum of 150% of his salary.

Earlier in the year, Aviva’s chief executive Andrew Moss left the firm, telling the company it was in Aviva’s best interests that he left, following controversy over pay.

Moss was one of a number of high profile bosses to come under attack over pay at the insurer.

At Aviva's annual general meeting, he opted for forego his £45,000 pay rise, which would have nudged his basic salary up over £1 million.


Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: TAM Asset Management’s CEO prepares for a quantum leap

Profile: TAM Asset Management’s CEO prepares for a quantum leap

TAM Asset Management may be relatively small but Lester Petch has big ambitions and believes it is on the verge of a 'quantum leap’

Wealth Manager on Twitter