Aegon global chief executive Alex Wynaendts has unveiled plans for the life company to restructure and secure a stronger share of the Asian and US life and protection markets.
Aegon will shift its business model to more fee-based products in the individual savings and retirement markets, Wynaendts told the company's Analyst and Investor Conference in New York. The company will pursue growth in the employee benefits sector, as well as increase its US life and protection market share. Aegon will undergo a restructure in Asia under the leadership of new chief executive for the continent Douglas Henk, with management of Asia business moving from the US to a new headquarters in Hong Kong. "We are making solid progress towards our ambition of securing a leader...
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