Andrew Moss, former chief executive at Aviva, has re-emerged after being ousted from the insurance giant two years ago in a row over remuneration as part of the 2012 “shareholder spring”.
Moss has joined Parker Fitz- gerald, a management consultancy whose roster of clients ranges from banks and insurers to fund managers and regulators, as chairman of the company’s advisory board.
Moss said yesterday: “I had a number of conversations with different companies but this seemed like the right fit for me.
“The City of London is facing a number of regulatory challenges and it is my firm belief that boards are yet to fully appreciate the long-term impact of new regulation on their business models.”
His five-year stint at the helm of Aviva, which employs 2,500 over two sites in Perth and Bishopbriggs, came to an end after a high-profile remuneration rebellion by investors at the company’s annual general meeting in 2012.
Moss said yesterday: “It was a fascinating few years and I’m delighted that we got through the financial crisis without having to raise capital or being downgraded.
“It was time to move on though, and I learnt some lessons.”
Aviva’s shareholders were also unhappy at the group’s steadily declining share price after several years of under- performance.
Parker Fitzgerald’s new man has also held senior positions with HSBC and the Lloyd’s of London insurance market, and it is understood he will continue to chair sports equipment specialist Rhino Rugby.
Scott Vincent, global managing partner at the consultancy, said he was “delighted” Moss would be joining to advise senior managers at the firm on strategy, financial performance and risk management.
“His market knowledge and insight will make him a hugely valuable addition to the firm,” Vincent said, adding that Parker Fitzgerald launched five years ago, had gained a strong industry foothold and was now “entering the next phase of development”.