Aviva Investors Completes Initial Integration;
Transformation into a Global Investment Powerhouse Begins
Today marks the official creation of Aviva Investors, the global asset management business of Aviva plc. Aviva Investors will combine the capabilities of Aviva companies with 1,100 employees working in 21 locations around the world.
Aviva, the world’s fifth-largest insurance company¹, is investing to transform its asset management business over the next few years into one that significantly increases its contribution to Group profit and becomes an investment powerhouse on a global scale.
Aviva Investors manages more than $469 billion.²
Aviva Investors Chief Executive Alain Dromer said:
"Today marks the initial integration of our asset management companies and the start of the Aviva Investors transformation into a global investment powerhouse. The exceptional tensions experienced in the past few weeks have highlighted the benefit of operating globally to service all our clients better. Aviva Investors will draw on the best of products and capabilities from around the world to deliver innovative services and investment performance to our internal and third-party clients.
"This is not just about rebranding. It is a radical change, driven by the value that we can deliver to our clients. It’s about creating a new approach to asset management for Aviva and building a dynamic new business that can provide truly global investment solutions."
The investment model developed for Aviva Investors is one that anticipates market trends and changing client demands. It will be transformed to deliver greater specialization and focus and be based around two key areas:
- Local autonomous teams that concentrate on generating alpha and high out-performance through active portfolio management in areas such as equity and fixed income investment and real estate.
- A global investment solutions team that will manage capabilities requiring scale and a global outlook. This team will focus on products and multi-asset solutions that include: quantitative, index, asset allocation, multi-manager and structured products.
Aviva Investors combines businesses in Australia (Portfolio Partners) France (Aviva Gestion d’Actifs) Poland (CUIM Polska), Ireland (Hibernian Investment Managers) North America (Aviva Capital Management, MFM International, Aviva Investment Canada) Romania (CertInvest) and the UK (Morley).
Greg Boal, Chief Executive Officer of Aviva Investors North America, said:
"As Aviva Investors, we are focused on integrating the best that the global organization has to offer. We will leverage our experience and investment expertise across borders to deliver superior investment solutions to our clients in North America and around the world, and we are committed to providing exceptional service to them.
"Our global brand will unify and energize our business, allowing us to attract and retain the best people as we build a single culture with a shared sense of purpose and pride."
Aviva Investors North America is headquartered in Des Moines, IA, as is Aviva USA, a national leader in indexed annuities and indexed life insurance.
Notes to Editors
¹Based on gross worldwide premiums for the year ended 31 October 2007.
²As of June 30, 2008.
Aviva Investors
Aviva Investors is the globally integrated asset management business conducted by affiliates of Aviva plc, the world’s fifth-largest insurance group. The business operates under a single brand with more than 1,100 employees in 21 locations across North America, the UK, Europe, and the Asia Pacific.
Aviva Investors includes the following former businesses in the UK (Morley); France (Aviva Gestion d’Actifs); North America (Aviva Capital Management, MFM International, Aviva Investment Canada); Ireland (Hibernian Investment Managers); Australia (Portfolio Partners); Poland (CUIM Polska); and Romania (CertInvest); and works in partnership with Delta Lloyd Asset Management in the Netherlands.
Aviva plc
Aviva plc is the leading provider of life insurance and annuities to Europe with substantial positions in other markets around the world, making it the world’s fifth-largest insurance group based on gross worldwide premiums as of December 31, 2007.
Aviva’s principal global business activities are long-term savings, fund management and general insurance, with worldwide total sales of $98.4 billion and assets under management of $724.6 billion as of December 31, 2007.
In 2006, Aviva grew its existing U.S. presence by acquiring AmerUs Group, which subsequently was rebranded Aviva USA. Aviva USA is nationally ranked number one in sales of indexed life insurance and number one in sales of indexed annuities.
Aviva USA had $40 billion in total assets as of December 31, 2007. Aviva is committed to helping customers meet their long-term savings, insurance and retirement income needs.