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Aegon creates chief transformation officer function

Aegon creates chief transformation officer function | Insurance Business

Aegon creates chief transformation officer function

Netherlands-headquartered Aegon has snapped up Admiral Group alumnus Duncan Russell to serve as the company’s first-ever chief transformation officer later this year.

Effective in September, the appointment will see the British executive make the switch from Cardiff firm Admiral Financial Services where he was chief financial officer. Prior to Admiral, the former London-based J.P. Morgan managing director worked in the Netherlands at NN Group N.V.

“Duncan brings a wealth of experience in the financial services sector and is a great addition to our team,” said Aegon chief executive Lard Friese. “He is the right person to lead our group strategy development and to drive initiatives focussed on improving our overall performance.

“Duncan and I have worked closely together before, and I look forward to our renewed collaboration.”         

The incoming chief transformation officer will join the Aegon management board and set the insurance group’s strategic direction. Russell’s appointment has been approved by the relevant regulatory authorities.