UK markets close in 7 hours 48 minutes

Aviva says Chairman Montague to retire in 2020

A pedestrians walks past the Aviva logo outside the company head office in the city of London

(Reuters) - Insurer Aviva Plc <AV.L> said on Tuesday Chairman Adrian Montague will retire in 2020, months after the insurer's decision to reorganise into five divisions and sell its stake in its Hong Kong business failed to impress investors.

Aviva said it is looking for a successor to Montague, who was appointed chairman in April 2015.

(Reporting by Rishika Chatterjee in Bengaluru; Editing by Aditya Soni)