Aegon sees double departure as former Cofunds chief exits

Re-platformed Cofunds last year

Tom Ellis
clock • 2 min read

Aegon's managing director for investments and one of its distribution directors have left the firm - the departures coming in the wake of a difficult 2018 for the platform.

David Hobbs, who was Cofunds CEO before he became MD of investments at Aegon last June, is to leave the company in the summer to join St. James's Place's discretionary fund manager Rowan Dartington as its chief executive. Hobbs joined Aegon as Cofunds CEO when it bought the platform from Legal & General for £140m back in 2016. Aegon has said it will reveal his successor "in due course". Martin Coyle is the other departure and has already left the business after Aegon restructured its distribution division. He was hired by Aegon back in 2012 to help drive platform sales. The departu...

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