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Insurance company appoints new CFO

Insurance company appoints new CFO

Insurance company appoints new CFO Aegon UK has appointed a new chief financial officer.

Stephen McGee has been officially appointed after holding the role on an interim basis since August.

Prior to becoming CFO, McGee was a key part of Aegon’s finance leadership team, and served most recently as the finance director of existing business, as well as leading a strategic review of the business in his time as commercial programme director.

McGee joined the company in 2014 from Lloyds Banking Group where he was chief actuary.

He has over 20 years experience in the insurance industry, spending most of his time prior to Lloyds in senior finance and actuarial roles at Phoenix Life Group.

Speaking of his new role, McGee said: “2016 has been a very significant year for Aegon with the sale of our annuity book, the acquisition of BlackRock’s DC pension business and more recently Cofunds.

“This is an exciting time for the business and I look forward to leading the finance team as the business transitions from traditional life company to a platform business.”

Adrian Grace, Aegon’s CEO, described McGee as a core part of the leadership team for the past two years.

He said: “He has a great understanding of the business including the opportunities and challenges we face as we begin integrating recent acquisitions while continuing to strengthen the services we offer to customers and their advisers.”

Related story:
R&Q acquires Aegon’s run-off business