Tim O’Connor has left Aegon, where he researched platform opportunities.
O’Connor joined Aegon last February on a contract basis to explore wrap potential for the firm. He joined from UBS Wealth Management, where he was exe-cutive director of the platform, which closed last February.
An Aegon spokesman says it will continue exploring wrap opportunities despite O’Connor’s departure. He says: “Now the contract has come to an end, it does not mean that our work into exploring possibilities has come to an end. That work is continuing under Adrian Grace, executive director for sales, distribution and development. The work Tim has contributed has been very helpful.”
Threesixty partner Phil Young says: “There is probably still room for more life offices to enter the market, it just becomes increasingly difficult to differentiate one from another as more providers enter the fray.”