Norwich Union appoints new director of investments

Article date: 5 March 2007

Norwich Union has boosted its finance team with the appointmentof Richard Field as director of investments for Norwich UnionLife.

Reporting to Norwich Union finance director, Nic Nicandrou, Fieldwill be responsible for the overall investment management strategyfor the Life business. In addition, he will be tasked withestablishing and managing a governance programme for allinvestment-related matters for the business.

Field has extensive experience in the area of investmentmanagement, working most recently on a new venture offering genericfinancial advice. His career also includes roles with majorfinancial players including Prudential. He is an actuary by tradeand has an MBA from London Business School.

Richard Field says: “I am delighted to have joined NorwichUnion at such an exciting time and I am very much looking forwardto rising to the challenge of my new role.”

Nic Nicandrou adds: “One of the priorities for the Lifebusiness this year is to further improve our investment performanceto create even better value for our customers. Richard will beinstrumental in delivering this key element of our customerambition. With his experience and insight, he will be a great assetto our business.”

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Notes to editors:

About Norwich Union
Norwich Union is the UK’slargest insurer. It is a leading provider of life, pensions andinvestment products and one of the largest financial adviser (FA)providers. FAs provide over 70% of the company's long-term savingsbusiness in the UK.

Norwich Union is the UK’s largest general insurer with amarket share of around 14%, with a focus on insurance forindividuals and small businesses.

Norwich Union’s news releases and a selection of images areavailable from Aviva's internet press centre at www.aviva.com/media.

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