Aegon to set up international division; Asia CEO to exit amid restructure

Aegon International, which will be launched on January 1, 2020, will consolidate the management of the activities in Southern and Eastern Europe and Asia.

The new division will be led by Marco Keim who is currently heading Aegon’s activities in Continental Europe.

The role of CEO of Aegon Asia will cease to exist. Andrew Byrne, the current CEO of Aegon Asia, will leave the company as per January 1, 2020.

Additionally, Maarten Edixhoven, CEO of Aegon the Netherlands will report directly to Aegon CEO Alex Wynaendts and will be appointed to the management board.

Ageon said the move is "a natural next step" in the way the group is organised and aims to accelerate growth and further leverage cross-border synergies by developing new business models and realising operational efficiencies.

“Under Andrew’s leadership over the last three years, we have successfully restructured our Asian business and improved its financial performance," said Wynaendts. "Our Asian business is now ready for a new stage of growth. I would like to thank Andrew for his significant contribution.”

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