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Aegon AM to integrate European and US businesses

Merging_blocksNetherlands-based Aegon Asset Management is to integrate its European and US businesses.

The new structure, aimed at improving competitiveness with other major international asset managers, will see the simplification of its current operating model.

The restructuring follows the merger of its senior European management team responsible for Aegon Asset Management, Kames Capital and TKP Investments last year.

An internationally operating management board featuring regional executive committees will be headed by Aegon Asset Management global chief executive Bas NieuweWeme.

Distribution and operations teams will similarly be managed on a coordinated, global basis while maintaining local client focus and relationships, according to the firm.

The firm has £303 billion (€339 billion) of assets under management.

Investment teams will be organised across four investment platforms: fixed income, real assets, equities and multi-asset & solutions, with no changes being made to the investment process nor how clients’ portfolios are managed.

NieuweWeme said: “The changes allow us to be more responsive to the changing markets and the evolving needs of our investors, while avoiding duplication of effort.”

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