Aegon UK has appointed Cofunds commercial director Andy Coleman to a newly created role of managing director of retail following the insurer’s acquisition of the investment platform.
Coleman will lead the distribution functions of both Aegon UK and Cofunds, the purchase of which was completed by the insurer on January 3.
In his new post, Coleman will manage a combined sales team of 167 people, which Aegon prides as one of the largest sales forces in the industry.
Aegon said the scale of Coleman’s team will enable the company to improve its service to intermediaries.
Coleman will report to Aegon chief distribution and marketing officer Mark Till, who said that the latest appointment brings “a great deal of experience and, more importantly, continuity.”
“We have in place an excellent team with enormous experience completely focused on helping intermediaries grow their business and their profitability,” he said.
Coleman joined Cofunds in 2012 from AXA
Wealth and was most recently the commercial director of the company, which Aegon first agreed to buy in August.
“As we head into the beginning of 2017 the completion of the acquisition marks a new era for both Cofunds and Aegon,” Coleman said of his appointment.
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