Ex-Aviva FD confirmed as Direct Line chairman


Reuters has confirmed the rumours that the former Aviva finance director, most recently chairman of life insurer Resolution, had been chosen to lead the bank’s insurance arm ahead of a planned flotation, expected to take place in the second half of 2012.

Stephen Hester, RBS chief executive, said: “The successful divestment of Direct Line Group is one of our priorities and we have confidence that Mike will help us get this done."

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