Headquartered in Edinburgh, Scotland, where we began over 185 years ago as Scottish Equitable, Aegon UK now has over 3,000 employees, each and every one of them committed to helping people take responsibility for their financial future.
In 2017, our group was complemented through the acquisition of Cofunds, bringing a team of skilled and experienced investment platform professionals based in Witham, Essex.
Aegon UK is led by Adrian Grace, Chief Executive, and a team of well-respected industry figures with wide-ranging expertise and years of financial experience.
Adrian Grace, CEO of Scottish Equitable Plc, Cofunds Ltd, and Aegon UK Plc(Expand content) (Minimise content) (Content loading)
Adrian started his career with Leeds Permanent Building Society in 1979, before joining Mercantile Credit in 1984. In 2001, Adrian joined Sage Group PLC as Managing Director of the Small Business Division. In 2004 Barclays Insurance asked Adrian to join them as Chief Executive.
Adrian joined HBOS in 2007 as Managing Director of Commercial Banking within Corporate Division. In 2009, Adrian joined Aegon UK as Group Business Development Director on 4 April 2011 became the Chief Executive Officer of Aegon UK & Ireland. Following the migration of Cofunds Retail customers in May 2018, Adirian has taken up the role of CEO of Scottish Equitable Plc, Cofunds Ltd, and Aegon UK Plc.
He’s been a member of the Global Management Board for AEGON N.V. since February 2012. Adrian is a Non-Executive Director of Clydesdale/Yorkshire Bank and is the RemCo Chairman.
Stephen was appointed as Chief Financial Officer in October 2016, a role he had held on an interim basis from August of that year.
Prior to becoming CFO, Stephen was a key part of the finance leadership team, including as Finance Director, Existing Business as well as leading a strategic review of the business in his time as Commercial Programme Director. Stephen joined Aegon UK in 2014 from Lloyds Banking Group where he was Chief Actuary.
Stephen has been in the insurance industry since graduating from university in 1994 - spending most of his time prior to Lloyds in senior finance and actuarial roles at Phoenix Life Group.
David Hobbs, Managing Director for Investments(Expand content) (Minimise content) (Content loading)
Previously Chief Executive Officer of Cofunds, David took on the role of Managing Director of Investments on 1 June 2018.
David has worked extensively in financial services for 30 years, most recently joining Cofunds in early 2013 and quickly being promoted to Chief Executive shortly afterwards. Before this he was the Chief Executive at Suffolk Life, for three years where he led the successful expansion of the business.
Prior to this time, he worked for Legal & General Group, where he held various roles including being responsible for Legal & General’s Investor Portfolio Platform Service for the banks and building societies market and leading the award-winning service operation within its workplace division.
He is a Fellow of The Pensions Management Institute and a member of the UK Platform Group.
Mark Till, Managing Director - Digital Solutions(Expand content) (Minimise content) (Content loading)
Mark has a broad commercial role, and is responsible for all aspects of the Aegon UK business revenue and proposition for intermediaries and their customers.
Prior to joining Aegon UK, Mark was Head of Personal Investing for Fidelity. He joined Fidelity from Standard Life where he was Head of UK Marketing. Prior to this, he worked for Barclays for 22 years in Banking, Sales and Marketing roles.
Mark focuses on business opportunities where the challenge is to achieve an exponential improvement in results. His passionate belief is that this can only be achieved by doing the right thing for intermediaries, customers and employees, which in turn, creates benefits to shareholders and the wider community.
Jim joined Aegon UK in 2011 as Chief Actuary and became Chief Risk Officer in 2014. Prior to this he was Solvency II Director at Lloyds Banking Group for two years. Jim has been in the insurance industry since training as an actuary at Scottish Widows in 1992. Jim was also Chair of the Board of Stevenson College, Edinburgh for a number of years - a college of 500 staff and 16,000 students.
James joined Aegon UK in 2012 as Head of With Profits and Capital Management and became Chief Actuary and Financial Strategy Director in 2014.
Prior to this he worked with Scottish Widows for more than 20 years, latterly as Head of Design Integrity, Solvency II. James has been in the insurance industry since he was a Pensions Clerk in the Final Salary Pensions Department with Scottish Widows in 1991. James joined the Life Practice Executive Committee in June 2010, taking over as Deputy Chair in June 2012 prior to becoming Chair in June 2014.
Ronnie Taylor joined Aegon UK in May 2018 and brings with him a unique set of skills and experience. Ronnie is one of a small group of people in our industry with this breadth of experience – he has been CEO of Standard Life WRAP, has run Standard Life’s Retail and Workplace channels and, more recently, Scottish Widows Workplace, Protection and Direct businesses.
Richard Denning, Chief Transformation and Digital officer(Expand content) (Minimise content) (Content loading)
Richard Denning joined Aegon UK in April 2013 as Chief Operating Officer and took up the position of Chief Transformation and Digital officer in June 2018.
Richard has led our IT Strategy as well as being integral to our acquisitions and transformation journey, and will continue to do so. Richard is responsible for customer services, I.T and platform development.
He has spent his entire career in financial services for businesses such as Prudential and Old Mutual. His focus for the last 17 years has been on platforms, where he has held a number of senior executive positions.
Karen Cockburn, Finance Director, Aegon UK & CFO, Cofunds(Expand content) (Minimise content) (Content loading)
Karen has a broad commercial and operational role in the digital business and is responsible for the profitability of Aegon Digital Solutions, all pricing activity for £9bn annual new business flows and the financial integrity of financial transactions, including client money as well as liquidity and capital management for Cofunds
Prior to her current role at Aegon, Karen spent two years as Head of Reporting and Head of Financial Planning and Analysis in the years previous. Throughout those four years, Karen led the Finance Transformation programme – overhauling Aegon UK’s finance processes and technology in the lead up to Solvency II. Karen has also lead major re-structuring business projects, and was Change Director for Aegon UK.
Karen spent her early career with GE Capital and Lloyds Banking Group. She qualified as a Chartered Accountant with KPMG in Belfast.
Dougy Grant, Chief Operating Officer, Existing Business(Expand content) (Minimise content) (Content loading)
Dougy’s career began with Aegon UK in 1998 and, since qualifying as an actuary in 2001, has held leadership roles in finance, marketing, sales, and general management, including a short spell with Aegon in the USA. Dougy had a break from Aegon taking on a role as an associate director at PwC, before returning to Aegon UK in 2011 as Head of Finance Transformation.
In 2012, he became Retail Strategy Director, before taking up the role of Protection Director in 2014. As Protection Director he drove customer new business volumes up by 50% and increased profits by over 100% in two years. Now, as Chief Operating Officer of Existing Business, Dougy is responsible for driving improved outcomes for our 1.6million customers, and for driving shareholder value. Dougy has been in this role since June 2016.
Gill leads our HR function, working in partnership with the business to deliver an organisation-wide approach to people management, talent retention and development, employee engagement and performance, contributing to the sustainability and profitability of the organisation through the appropriate resourcing and the development and reward of our people.
Prior to joining Aegon UK, she went from university into roles in Retail, including a very interesting year in Harrods, London, which ignited her passion for serving the customer through excellent people.
James MacKenzie is General Counsel and Company Secretary of Aegon UK. As part of his role James leads the UK Legal and Company Secretariat department. James has been with Aegon for eight years, having previously worked in Shepherd and Wedderburn’s corporate finance team.