The Hague – September 23, 2019
Aegon establishes international division and intends to appoint Maarten Edixhoven to its Management Board
Aegon will bring together its activities in Southern and Eastern Europe and Asia under Aegon International. The company also intends to appoint Maarten Edixhoven to
its Management Board.
At the beginning of 2019, Aegon introduced three distinct strategic categories to group its businesses: Manage for Value, Drive
for Growth and Scale up for the Future. The vast majority of Aegon’s investments are being directed to Drive for Growth businesses, which are at the core of the strategy as they drive future capital generation. Scale
up for the Future businesses are aiming at capturing meaningful new opportunities.
All units within the Asian and Southern and Eastern European regions are
positioned in the Drive for Growth and Scale up for the Future categories. A natural next step is a change in the way the group is organized.
Aegon
International will be established on January 1, 2020. The objective of the new division is to accelerate growth and further leverage cross-border synergies by developing new business models and realizing operational efficiencies. Aegon
International will consolidate the management of the activities in Southern and Eastern Europe and Asia and will be led by Marco Keim who is currently heading Aegon’s activities in Continental Europe.
As part of these changes, Maarten Edixhoven, CEO of Aegon the Netherlands will report directly to Aegon CEO Alex Wynaendts and will be appointed to the Management
Board, subject to regulatory approval.
The role of CEO of Aegon Asia will cease to exist. Andrew Byrne, the current CEO of Aegon Asia, will leave the company as
per January 1, 2020.
Alex Wynaendts: “Under Andrew’s leadership 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.”
About Aegon
Aegon’s roots go back 175 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company,
with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help
people achieve a lifetime of financial security. More information on aegon.com.
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Contacts
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Media relations
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Investor relations
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Dick Schiethart
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Jan Willem Weidema
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+31(0) 70 344 8821
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+31(0) 70 344 8028
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dick.schiethart@aegon.com
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janwillem.weidema@aegon.com
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