Aegon to Form New International Unit From Jan. 1, 2020
September 23 2019 - 2:46AM
Dow Jones News
By Ian Walker
Dutch insurance company Aegon NV (AGN.AE) said Monday that it
plans to merge its Southern and Eastern Europe and Asia businesses
under Aegon International as part of a move to accelerate growth
and to further leverage cross-border synergies.
Aegon said the new business will be established from Jan. 1,
2020 and will be led by Marco Keim, who is currently heading
Aegon's activities in continental Europe.
The company said that 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.
"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," the company said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
September 23, 2019 02:31 ET (06:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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