Sarah Russell is to leave her role as global chief executive of Aegon Asset Management and step down as a member of the Dutch insurer’s board on 24 June.
Her successor, Bas NieuweWeme, joins Aegon from PGIM, the asset management business of Prudential Financial, where he was managing director and global head of the institutional relationship group.
Steer in the right direction
Aegon chief executive Alex Wynaendts said: “Sarah has been creating and building a successful global asset management business over the past nine years, which is now ready for the next stage of development.
“Bas’ appointment signals Aegon’s continuing commitment to build a growing and sustainably profitable business.”
Russell added: “It is the right time for new leadership that will steer the next stage of Aegon Asset Management’s development.”