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Aviva UK chief executive Trevor Matthews steps down

Trevor Matthews 480

Aviva UK chief executive Trevor Matthews is stepping down from his role following a management reshuffle.

The insurer released a statement this morning revealing Matthews will not stand for re-election at the 2013 annual general meeting in May and will step down from the board at the same time.

Matthews became UK chief executive in June 2011 from Friends Life, where he was vice chairman. Prior to that he was chief executive of Friends Provident Holdings UK.

He also headed up Standard Life’s UK life and pensions business between 2004 and 2008.

Aviva plc chief executive officer Mark Wilson says: “I would also like to thank Trevor Matthews for his considerable contribution to Aviva and wish him well for his future.”

Matthews exit comes at the same time as a shake up of the insurer’s management team, including the promotion of David McMillan to the position of Aviva Europe chief executive.

McMillan was most recently group transformation director and, prior to that, was the chief executive of the insurer’s UK general insurance business. He will be responsible for Aviva’s businesses in Spain, Italy, Turkey, Poland, Lithuania and Russia and will become chair of its French board.

Nick Amin has replaced McMillan as group transformation director, joining from AIA, where he was executive vice president and group administration officer.

Jason Windsor, chief strategy and planning officer, will join Aviva’s group executive as chief strategy and development officer. He will take over the executive responsibility for Aviva Investors.

Aviva Europe bancassurance director David Angulo will have a broader remit to drive the development of Aviva’s bancassurance distribution across the group.

On 28 January Aviva appointed Khor Hock Seng as the chief executive of Aviva Asia.

Wilson adds: “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. David McMillan’s and Jason Windsor’s new roles recognise the strength of their achievements during 2012. Nick Amin and Khor Hock Seng are exceptional additions to the team.”

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Comments

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  1. I actually find this very amusing.

  2. David Trenner - Intelligent Pensions 7th February 2013 at 9:50 am

    “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 is not the right person, and is not part of the best possible leadership team. I suppose they have thrown so much cash at him that he won’t be too upset by this!

  3. One of the most reprehensible ‘Hatchet Men’ of the last decade. By my count he will have overseen the redundancies of tens of thousands of ordinary, hard working people in Financial Services. Some of these will doubtless still be seeking gainful employment and will have suffered terrible hardship.
    Naturally this will have been dressed up as ‘Strategic Reviews’ and ‘Organisational Design Implementations’ and the cost savings will have been cited as accomplishments and swelled his own grotesquely disproportionate bonus pot.
    Perhaps he has decided to return home to Australia again, which may I remind you was the reason he gave for leaving Friends before miraculously appearing at Aviva.
    Can we have a whip round for the cab fare to the airport this time?

  4. This highly sought after person does not seem to be anywhere very long. Probably just long enough to be paid golden handcuffs, receive big bonuses, and no doubt big pay offs. I recall that he was seeking a £45,000 bonus from Aviva just for his first month.

    Where to next? Prudential? Legal & General? etc?

    There is a name for people like this but if I used it, this post will probably be rejected.

  5. One of the very few really good blokes in life office senior management. He probably got fed up banging his head against the wall and they probably didn’t appreciate being told how it was.
    Inevitable really, but very sad. There has been a palpable difference since he went there, just as there was when he was at Friends. In the latter case there has been a distinct deterioration since he left; let us hope this doesn’t now happen at AVIVA.

  6. it would have been more honest if they had said

    ” He wasn’t here long, things have changed, he is moving on”

  7. Jolly Green Giant 7th February 2013 at 2:30 pm

    I agree with Fair Deal @9.53. I for one will be sending some money to help see him away back to Oz. At least I won a bet I had that he wouldn’t stay at Aviva for more than 2 years. His stints at these life companies is getting shorter and shorter and each time the money he takes is getting bigger. Watch him turn up in a few weeks at another life office with a multi million pound deal, or as i’ve seen suggested as head of MAS!! won’t earn as much there though Mr Matthews.

  8. He must be set to retire now from all the signing on fees, share awards and bonuses he has been given. Would also be interested to hear how much many he has personally made form signing every company up to a NZ IT technology company which he has close personal/family ties with considering every due diligence paper says do not go near them????

  9. Peter Timberlake 7th February 2013 at 3:30 pm

    Trevor Matthews is the best CEO I have worked for so far. I worked for him twice and I agree with Harry Katz’ comments about him being a great bloke. He understands the life business from the bottom up.

  10. Nice chap, and in defence of dear old Trev, the deterioration of Friends Life was only really consolidated after he left. However, his reasons for leaving appear dishonest.

    Old FP staff will no doubt be comforted in their unemployment with a specially monikered crystal cut glass – ‘the future starts now – Cheers, Trev’

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