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Global perspective as Aegon ends geographic viewpoint

Aegon Asset Management is replacing its geographic desks with a new framework focusing on global sectors.

It will move away from geographic considerations and introduce global sector-based research teams concentrating on business outside the domestic market.

The global research group will be led by head of research Alistair Byrne and split into five teams covering cyclical stocks, defensive stocks, financials, resources and technology, media and communications.

The portfolio management team will be aligned with institutional, insured and retail fund client groups with each responsible for constructing portfolios for each client group.

A management reshuffle sees UK head of institutional funds Stephen Adams become head of institutional equities. Head of UK equities Steve Laidlaw becomes head of insured equities and head of European equities Mark Peden becomes head of retail fund equities.

Chief investment officer Wendy Hay says: “These chan-ges reflect rapid changes in the global economy. National and geographic borders are less important than they were. Our research teams will be able to take a global perspective on sectors and feed that analysis directly to our fund managers.”

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