Aegon appoints Duncan Russell to succeed Matt Rider as Chief Financial Officer

The Hague, May 16, 2024 - Aegon today announces the appointment of Duncan Russell (1978) as Chief Financial Officer (CFO), effective September 1, 2024. Duncan will succeed Matt Rider (1963), who will retire after over seven years of exceptional service to the company. Matt will continue to serve as a member of the Board of Transamerica on a non-executive basis.

Duncan Russell joined Aegon as Chief Transformation Officer in 2020. Prior to Aegon, Duncan worked at UK-based Admiral Group Plc, where he last held the position of CFO of Admiral Financial Services. Prior to that, he worked for NN Group N.V., responsible for Group Capital Management, Treasury, Business Development and Group Strategy, and at J.P. Morgan as Managing Director and Head of Equity Research European Insurance.

“I am pleased to appoint Duncan Russell as our new CFO,” said Aegon CEO, Lard Friese. “I am confident that with his financial acumen, deep insurance expertise and comprehensive knowledge of the capital markets and our organization, he will continue to contribute to the success and transformation of our company.

“I also want to extend my deepest gratitude to Matt Rider for his dedication and contribution over the years. His wealth of financial and insurance expertise, his leadership and guidance have been instrumental in building and maintaining Aegon’s strong financial profile and improving its financial performance.”

“I am grateful for the opportunity to be the next CFO of Aegon. We have ambitious operational, strategic, and financial goals and I am excited to continue working with my colleagues to deliver on them,” added Duncan Russell.

Reflecting on his tenure, Matt Rider remarked, “It has been a privilege to serve as CFO of Aegon. I am proud of the things we have accomplished as a team and am grateful for the opportunity to have contributed. As I retire, I am confident in Duncan’s leadership, and wish him and the entire team continued success.”

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About Aegon
Aegon is an international financial services holding company. Aegon’s ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Its portfolio of businesses includes fully owned subsidiaries in the US, UK, and a global asset manager. In addition, Aegon has partnerships in Spain & Portugal, Brazil, and China, which create value by combining strong local partners with Aegon’s international expertise. In the Netherlands, Aegon generates value via a strategic shareholding in a market leading insurance and pensions company.