Aviva Said to Hire JPMorgan’s Chetan Singh to Head Global M&ABy
Singh, who led dealmaking for financial institutions in Southeast Asia at JPMorgan, will relocate to London from Singapore, according to the person, who asked not to be identified because the information isn’t public. He will start at the British insurer as soon as the end of September, the person said.
Chief Executive Officer Mark Wilson has reshaped Aviva through asset sales and acquisitions since taking over in 2013. Aviva’s purchase of Friends Life Group Ltd. for more than $8 billion last year was the biggest U.K. insurance deal in 15 years. Wilson said in October the company is looking for smaller acquisitions outside its home market.
In 2010, JPMorgan hired Singh from Citigroup Inc. in London to head its financial institutions group in India. A Hong Kong-based spokeswoman for Aviva said she couldn’t immediately comment. Li Anne Wong, a Singapore-based spokeswoman at JPMorgan, declined to comment.