Aegon has unveiled plans to launch a multi-manager investment company later this year as it announced a series of big changes to its senior management team to reflect the firm's shift from traditional life company to a "digital platform business".
Cofunds chief executive David Hobbs will become managing director for investments and chief executive of Aegon Investments, the new multi-manager investment company, following the sale of Cofunds for £140m in August 2016, which completed in January last year. Aegon said he would continue to lead the Cofunds business through the integration period and will continue to be a director of Cofunds. Currently Aegon's fund offering is limited to insured funds that are not compatible with the ISA or General Investment Accounts offered through our platform, the firm said, adding that it wants ...
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