Aviva Investors CEO Euan Munro said said that Misselbrook’s “deep operational experience” has been “vitally important”
Aviva Investors chairman John Misselbrook will retire after nearly four years of service in November, and will be replaced by former executive committee member Mike Craston.
Misselbrook became chairman of the board in January 2014 and has also previously spent eight months as Aviva Investors’ interim CEO. He also currently serves in non-executive director and chairman roles across Northern Trust Global Services, JP Morgan Chinese Investment Trust and Brown Shipley.
His career also included high-profile roles such as director and COO of Baring Asset Management and director at Invesco Asia.
Current CEO Euan Munro said that Misselbrook’s “deep operational experience” has been “vitally important as we reset Aviva Investors to safely support sustained growth”.
New chairman Craston, who will also serve as a non-executive director, was an executive committee member up until June 2017, after joining Aviva Investors in January 2016 to lead the client solutions function.
On Craston’s appointment Munro added: “Mike’s experience in running a rapidly-growing international business and passion to improve client outcomes is exactly what we need for the next phase of our journey.”
Prior to joining Aviva Investors, Craston led global distribution and client servicing at Legal & General Investment Management for over ten years, during which time he also served as CEO for its America and Asia businesses.
Commenting on the appointment, Misselbrook said: “Mike has an excellent track record in the asset management business, and his appointment as chair has the full support of myself and the AIHL Board. I wish him well.”
Craston added: “I strongly believe in the growth potential of Aviva Investors and look forward to working closely with the Executive Committee to deliver its strategy.”