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Aviva Investors continues in Australian market

Wed, 24 Jun 2009

On 22 June 2009 Aviva announced that its Australian life business and Navigator platform are to be sold to National Australia Bank (NAB). It is important to note that Aviva Investors Australia has not been sold, and will continue to serve retail and institutional clients.

Aviva plc's global business includes three pillars: general insurance, life insurance and asset management. Aviva Investors is the global asset management business of Aviva plc with $500 billion in funds under management*. The company operates with 1,300 employees in 15 countries across Asia Pacific, Europe and North America.

Aviva Investors Australia, the Australian asset management business, has been specifically excluded from the Aviva Australia sale as part of the Aviva group’s commitment to building a global asset management business incorporating the Australian market. In September 2008 the group's asset managers joined together to form one united global business.

As the regional head office for Asia Pacific, the Australian business is of strategic importance to Aviva Investors, particularly given the experience and track record of our local investment team.

Asia Pacific remains one of the key growth opportunities for the global group. We continue to seek ways to expand and strengthen the business, building on our already strong record of outperformance across the equities and fixed income markets. Aviva Investors retail products are listed on a variety of platforms and continue to generate inflows for the firm. We also service a large number of institutional clients and we expect this number to grow.

In continuing to leverage the experience and resources of our global colleagues we plan to bring innovative investment solutions to the Australian market and, in turn, export our high quality Australian products.

We look forward to continuing to provide our clients with a leading range of investment solutions.


*As at 31 December 2008