Aegon to establish international division & make some changes in leadership
Netherland based company, Aegon may appoint Maarten Edixhoven, currently the CEO of Aegon Netherlands to the Management Board. The appointment remains subject to regulatory approval.
Edixhoven will report to Aegon CEO Alex Wynaendts and work towards accelerating the company's growth and further leverage cross-border synergies by developing new business models and realizing operational efficiencies.
Further, as with the establishment of Aegon International by January 2020, the businesses of Southern and Eastern Europe and Asia gets consolidated, the role of CEO of Aegon Asia will cease to exist.
Andrew Byrne, the current CEO of Aegon Asia, will resign from his role effective from 1st January 2020 and the new international division of Aegon will be led by Marco Keim. Keim at present heads Aegon’s activities in Continental Europe. Now she would help Aegon expand globally.
Wynaendts appreciates Under Byrne’s leadership. He said, "Over the last three years, we have successfully restructured our Asian business and improved its financial performance. Our Asian business is now ready for a new stage of growth. I would like to thank Andrew for his significant contribution.”
With three strategies Manage for Value, Drive for Growth and Scale up for the Future, Aegon looks forward to a new phase of growth. As the financial services firm seeks to drive future capital generation and shift its focus of businesses on capturing meaningful new opportunities, the restructuring and reorganizing the businesses makes sense.
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