Aegon has announced the appointment of Duncan Russell as chief transformation officer (CTO), effective 1 September 2020.
Russel will report to CEO Lard Friese and will become a member of Aegon’s management board.
Duncan Russell joins from UK-based Admiral Group, where he last held the position of CFO of Admiral Financial Services. He worked in the Netherlands for NN Group N.V., responsible for group capital management, treasury, business development and group strategy.
Prior to that, Russell held the position of managing director at J.P. Morgan.
Friese said: “I am very pleased to announce the appointment of Duncan Russell as our chief transformation officer.
“Duncan brings a wealth of experience in the financial services sector and is a great addition to our team. He is the right person to lead our group strategy development and to drive initiatives focused on improving our overall performance. Duncan and I have worked closely together before and I look forward to our renewed collaboration.”
The appointment of Russell has been approved by the relevant regulatory authorities.