DES MOINES, Iowa--(BUSINESS WIRE)--Aviva USA, part of Aviva plc, the world's sixth-largest insurance group, has named Joseph W. Wittrock as chief investment officer for the West Des Moines-based company. Wittrock currently serves as head of research for Aviva Investors North America based in Des Moines.
In his new position, Wittrock will lead a new investment group within Aviva USA responsible for managing the risk and investment results of an approximately $50 billion asset portfolio. Wittrock, who currently serves on Aviva USA’s executive committee, will report directly to Aviva USA President and Chief Executive Officer Chris Littlefield. Wittrock will move from Aviva Investors North America to Aviva USA, effective immediately.
“I’m very excited that Joseph is joining our team. He is an extremely talented and capable investment professional and has been a valuable member of our executive committee. I am confident he’ll do a great job in building out our investment capabilities, driving investment performance for the benefit of Aviva USA and our customers, and continuing to manage our investment risks,” said Littlefield.
“I look forward to joining Aviva USA. My team will focus on asset allocation, asset liability management and Aviva USA’s institutional product and funding agreement businesses,” said Wittrock. “We will look to optimize investment returns and, in doing so, plan to continue to utilize Aviva Investors where appropriate to deliver superior investment returns and avoid duplication.”
Wittrock joined Aviva in 2000, most recently leading Aviva Investor’s fixed income credit research team. Prior to leading credit research, his experience included securities analysis for a broad array of industries and issuers, and management of high-yield fixed income portfolios. Wittrock earned his bachelor’s degree in finance and banking from Buena Vista University, and has a M.B.A. with honors from the University of Chicago. He holds the chartered financial analyst designation and is a member of the CFA Institute and the CFA Society of Iowa.
About Aviva USA
Aviva USA is a sales leader of indexed life insurance and indexed annuities. Headquartered in West Des Moines, Iowa, Aviva USA also has offices in Topeka, Kan., and Melville, N.Y. Aviva USA has approximately 1 million customers and employs more than 1,500 people across the country. Aviva USA is part of Aviva plc and can trace its presence in the United States back to 1896.
About Aviva Investors North America
Aviva Investors is the global asset management business of Aviva plc. The business delivers investment management solutions, services and client-driven performance to clients worldwide. Aviva Investors operates in 14 countries in Asia Pacific, Europe, North America and the United Kingdom with assets under management of more than $400 billion at 31 December 2010.
No Aviva Investors affiliate is engaging in or holding itself out as engaging in the business of advising others as to investing in securities or the business of buying or selling securities in any jurisdiction where it is not qualified to do so. This media release is provided for the reader’s information only and does not constitute investment advice or convey an offer to sell, or the solicitation of an offer to buy, any financial products. For investment professionals only and/or qualified investors only.