Aviva Investors has named John Misselbrook as its interim chief executive, with immediate effect.
Misselbrook, currently a non-executive director on the Aviva Investors board, will replace Paul Abberley as interim CEO – who will return to being head of investments at the asset manager.
Abberley was appointed as interim CEO in May 2012, following the departure of Alain Dromer. Dromer left after insurance group parent Aviva unveiled plans to simplify its business.
Misselbrook has held a number of senior management and operational roles in the financial services industry, including time as the chief operating officer at Baring Asset Management.
Aviva CEO Mark Wilson says: “Aviva Investors is a core part of the group. By capitalising on its expertise in managing Aviva’s own funds, it has the potential to become a stronger and more vibrant third party asset manager, while also increasing its contribution to the group.
“John brings a deep understanding of the asset management sector. His appointment will strengthen Aviva Investors’ senior management and provide the oversight required to enhance our investment proposition and drive out complexity from the business.”
Misselbrook’s appointment is subject to regulatory approval.