Former Aviva boss Andrew Moss is to return to the City for the first time since being ousted from the insurer two years ago.
Moss has joined Parker Fitzgerald, a London-based management consultancy whose clients include banks, insurers, asset managers and regulators, where he will chair the company’s advisory board.
Reflecting on his time at Aviva, which ended after an embarrassing pay revolt at the company’s annual meeting during the Shareholder Spring in 2012, he said today: “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.”
He added: “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 impacts of new regulation on their business models.”
As well as spending five years as Aviva’s chief executive, Moss held senior roles at Lloyd’s of London and HSBC.
He will continue to chair sports equipment specialist Rhino Rugby, which has been tipped for a stock market flotation over the next few years.
Scott Vincent, global managing partner at Parker Fitzgerald, said Moss will advise his company’s senior management team on strategy, financial performance and risk management.
“I’m delighted Andrew has joined us. His market knowledge and insight will make him a hugely valuable addition to the firm,” Vincent said.
“It is five years since Parker Fitzgerald launched and in that time we have achieved an incredibly strong foothold across the industry. We are now entering the next phase of development.”