Speaking at a conference ion London this week on the company’s strategic growth plans, chief executive Alex Wynaendts said Aegon is planning to create a single global organisation for its asset management activities, grouping together its UK, US and Dutch businesses.
The firm is also aiming to become a leader in variable annuities across Europe.
Andrew Fleming, who is currently chief executive officer of Aegon UK asset management, has been appointed head of European asset management.
Wynaendts said: “Today’s global environment requires us to think and act differently. We will make better use of our capital, improve our financial performance and organise the management of Aegon to focus on the global opportunities.”