CHICAGO, June 30, 2020 /PRNewswire/ — Aegon Asset Administration has appointed Russell Morrison as its new international chief funding officer chargeable for managing its $188 billion mounted revenue funding platform.* Morrison, who joined on June 29, will lead the agency’s 140 mounted revenue funding professionals globally.
Morrison brings over 30 years of mounted revenue and monetary providers expertise to the position, most not too long ago at Barings (previously Babson Capital). Throughout his 17-year tenure on the agency he held a number of senior positions together with president & head of mounted revenue, equities and multi-asset.
Previous to Barings, Morrison held positions within the mounted revenue divisions at First Union Financial institution, Ernst & Younger Administration Consultants and North Carolina Nationwide Financial institution.
Morrison joins Aegon Asset Administration at an thrilling time in its growth, following the profitable integration of its Asian, European and US companies, to type a really international asset supervisor below a single administration board, led by Bas NieuweWeme as CEO.
The mixing introduced collectively its regional funding groups into 4 distinct funding platforms for mounted revenue, actual property, equities and multi-asset & options, every below a worldwide CIO framework, to handle its $395 billion of property below administration.**
Within the new position Morrison will likely be chargeable for the 140 sturdy staff of mounted revenue portfolio managers, strategists and analysts worldwide, together with the 50-member international credit score analysis staff. Based mostly in Chicago, Morrison will change into a member of Aegon AM’s international administration board and report back to NieuweWeme.
Following Morrison’s appointment Kirk Buese, the present interim international CIO for mounted revenue, will retire from the enterprise after 33 years’ service. Buese took duty for the platform on an interim foundation through the recruitment course of, having beforehand said his need to retire this yr. He’ll stay with the enterprise for a brief interval to make sure a easy transition.
NieuweWeme mentioned, “Russ has a wealth of expertise working multi-geographic groups, managing non-public and publicly listed mounted revenue property for normal account and third-party shoppers worldwide. His appointment to this new position represents the end result of the mixing of our regional-based groups into our international mounted revenue platform. I’d additionally wish to want Kirk a really lengthy and joyful retirement and thank him for main the worldwide staff on the interim foundation, but additionally for his appreciable contribution to the enterprise during the last three many years.”
“I’m trying ahead to working with the staff at Aegon Asset Administration as we glance to maximise the complete potential of our international mounted revenue staff, bringing their experience and information to our consumer throughout the globe,” mentioned Morrison.
About Aegon Asset Administration
Aegon Asset Administration is the worldwide funding administration model of Aegon N.V. and is a worldwide, energetic funding supervisor comprised of a number of associates all over the world. Our focus is on excellence in every part we do, working to constantly ship the efficiency, service and options our shoppers search. We imagine in sturdy governance, transparency and clear accountability because the constructing blocks for belief and long-term relationships with our shoppers.
Traders worldwide entrust Aegon Asset Administration to handle roughly $395 billion on their behalf**. Positioned for fulfillment in our chosen markets (Asia, Continental Europe, North America and the UK), Aegon Asset Administration’s specialist groups present funding options throughout asset courses.
Via the Aegon Group our heritage stretches again to 1844, which means we perceive the significance of long-term relationships, strong threat administration and sustainable outperformance. An extended historical past of partnership with our proprietary insurance coverage accounts has enabled us to ascertain skilled funding groups, and long-term observe information.
Aegon Asset Administration is the worldwide funding administration model of the Aegon Group N.V. and is comprised of Aegon USA Funding Administration, LLC (“Aegon Asset Administration US”), Aegon USA Realty Advisors, LLC (“Aegon Actual Belongings US”), Kames Capital plc (“Kames Capital”) and different Aegon associates. Aegon Asset Administration US, Aegon Actual Belongings US, and Kames Capital are SEC registered funding advisers.
*As of March 31, 2020.
**As of December 31, 2019.
For extra details about Aegon Asset Administration, go to www.aegoninvestments.com.