Ex-Aviva FD confirmed as Direct Line chairman

deal-handshake

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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