Aegon to acquire BlackRock defined contribution platform
Acquisition will add £12bn assets
Aegon is to acquire BlackRock's UK defined contribution (DC) platform and administration business, adding 350,000 clients with £12bn of assets to its books.
The £30bn combined workplace business will be led by newly appointed managing director Paul Bucksey, current head of DC at BlackRock. BlackRock's clients will transfer to Aegon as part of the deal....
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