Dutch financial group AEGON has appointed Duncan RUSSELL in the newly established role of Chief Transformation Officer (CTO), effective September 1, 2020. He will report to CEO Lard FRIESE and will become a member of AEGON's Management Board. The appointment has been approved by the relevant regulatory authorities.

AEGON mentioned in a statement that Duncan RUSSELL will work closely with the Executive Board in setting "the strategic direction of the company and will lead the activities in the areas of Group Strategy and Corporate Development".

Duncan RUSSELL joins from UK-based ADMIRAL Group Plc, where he last held the position of CFO of ADMIRAL Financial Services. He worked in the Netherlands for NN Group N.V., responsible for Group Capital Management, Treasury, Business Development and Group Strategy. Prior to that, Duncan RUSSELL was a Managing Director at J.P. MORGAN.