Aegon taps Admiral CFO to lead group strategy development

Aegon has appointed Duncan Russell in the newly created role of chief transformation officer (CTO) to lead the group strategy and corporate development.

Russell joins from UK-based Admiral Group, where he last held the position of CFO of Admiral Financial Services. He worked in the Netherlands for NN Group N.V., responsible for group capital management, treasury, business development and group strategy. Prior to that, he was a managing director at JP Morgan.

Russell will report to CEO Lard Friese and will become a member of Aegon’s management board. He will work closely with the executive board in setting the strategic direction of the company.

“I am very pleased to announce the appointment of Duncan Russell as our Chief Transformation Officer,” said Friese. “Duncan brings a wealth of experience in the financial services sector and is a great addition to our team. He is the right person to lead our group strategy development and to drive initiatives focused on improving our overall performance. Duncan and I have worked closely together before and I look forward to our renewed collaboration.”