Dividend Chaser on Khor Hock Seng as CEO Aviva Asia

28Jan2013-

Aviva plc (“Aviva”) announces the appointment of Khor Hock Seng as CEO of Aviva Asia. Mr Khor, who will be based in Singapore, will take up his new role on 8 March and will join the Group Executive, reporting to Mark Wilson, Aviva CEO. Simon Machell, who has undertaken a wide range of roles with Aviva in the UK and internationally, most recently as CEO for Higher Growth Markets, will leave Aviva at the end of February.

Khor Hock Seng joins Aviva from AIA where his previous roles included Chief Executive and Managing Director of the company’s Malaysian business and Regional Executive responsible for a number of AIA's South East Asian markets. From 2008 he successfully drove the transformation of AIA Malaysia leading the business to capitalize on development opportunities, generating strong growth in value and cashflow, despite the difficult economic environment.

Mark Wilson, Chief Executive Officer of Aviva plc, said: “I am delighted that Khor is joining Aviva. He brings a wealth of insurance experience in Asia and the requisite market and cultural knowledge that are critical to success in the region. His appointment is a re-affirmation of Aviva’s commitment to our strategic markets in Asia, where we have the potential to deliver strong cash flows and consistent returns.

“I would also like to take this opportunity to thank Simon Machell for his significant contribution to Aviva and wish him well for the future.”

Commenting on his appointment as CEO of Aviva Asia, Khor Hock Seng said: “I am excited to be joining a group with the pedigree of Aviva. There is significant opportunity for the business in Asia and I am very much looking forward to working with our teams and partners to realise that potential.”

This appointment is subject to regulatory approval.