Press release
AEGON UK appoints David Paige as non-executive director.
12 March 2007AEGON UK today announces the appointment of David Paige as a Nonexecutive director, and Chairman of the Audit Committee.
Until recently David was Group Risk Director at Royal & Sun Alliance plc where, as a main Board director, he was responsible for the group’s global risk strategy. He joined in February 2005 from Aviva plc, where he was Global Finance Transformation Programme Director, and implemented a wide ranging programme of change within the group finance function, including the global transition to IFRS. Prior to that he was Aviva’s Group Risk & Audit Director.
David’s previous roles include Group Risk Director of Zurich Financial Services, based in Zurich, and Chief Financial Officer of retail business for National Westminster Bank.
AEGON UK nonexecutive chairman, Bill Shannon says,
“David’s excellence as a risk director is renowned across the insurance
industry and I am delighted he is joining AEGON. His expertise in his field combined with broad experience will enable him to make a valuable and insightful contribution to AEGON’s UK strategy at nonexecutive level and as Chairman of the Audit Committee.”
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Notes to editors
- On 8 March, AEGON reported annual results for 2006 which reflected an increase in new business of 54% to £1,056m API, value of new business rose 85% to £124m and underling operating earnings rose 38% to £153m compared with 2005.
- AEGON UK nonexecutive chairman Bill Shannon was appointed in November 2005.
- AEGON UK has assets under administration of £48.1 billion and employs around 4,000 staff. AEGON UK is part of the AEGON Group, which is one of the world’s largest listed insurers and has assets under management of £245 billion.
Lesley McPherson