Aviva’s Griffiths back in the top job



Former Aviva Australia chief executive Allan Griffiths has resurfaced with the company in Singapore as managing director for Aviva South Asia.
Griffiths was the head of Aviva’s Australian operations between 2003 and 2009. He left the business at the end of last year following National Australia Bank’s acquisition of the insurance and wealth management arms of the business.
Since then Griffiths has taken on a number of board positions, including one at competitor AIA Australia. Griffiths will be relinquishing that position in light of his new appointment.
Griffiths was chief executive of Aviva Australia when it bought into dealer group Professional Investment Services in 2005. The dealer group’s parent company, Professional Investment Holdings (PIH), is now waiting to see what action Aviva PLC will take with regards to the 20 per cent stake it holds in the group as it approaches its shareholder vote for its proposed merger with listed company Centrepoint Alliance.
PIH managing director Grahame Evans said he saw Griffiths’ new post in Singapore as “positive from our perspective — he knows our business quite well”.
Recommended for you
Licensing regulation should prioritise consumer outcomes over institutional convenience, according to Assured Support, and the compliance firm has suggested an alternative framework to the “licensed and self-licensed” model.
The chair of the Platinum Capital listed investment company admits the vehicle “is at a crossroads” in its 31-year history, with both L1 Capital and Wilson Asset Management bidding to take over its investment management.
AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies.
With a large group of advisers expecting to exit before the 2026 education deadline, an industry expert shares how these practices can best prepare themselves for sale to compete in a “buyer’s market”.