Direct Line Insurance Group’s Mike Holliday-Williams will succeed Adrian Grace as CEO of Aegon UK when he retires after 10 years with the company.
Holliday-Williams will join the company on October 1, 2019.
Aegon intends to appoint Mike Holliday-Williams to its Management Board. His appointment as member of the Management Board and CEO of Aegon UK is subject to regulatory approvals.
Grace, who oversaw the transformation of the business into a pension and investment house with £175bn of assets, will retire from the company on March 31, 2020.
Aegon CEO Alex Wynaendts says: “I am pleased to announce the appointment of Mike Holliday-Williams as the successor of Adrian Grace. “Mike’s appointment signals Aegon’s continuing commitment to build on the strong foundation of our UK business. Mike brings extensive experience in the financial industry and a strong track record in focusing on customer solutions. I look forward to working with him.”
“We would like to thank Adrian for having successfully modernised, transformed and repositioned our UK business. Under his leadership, our UK business has grown from £40bn of unit-linked pensions in 2009, to today where we oversee £175bn of pension and investment assets. We have repositioned Aegon to be the leader in the market of investment trading platforms and the company is now well positioned for further growth. We wish Adrian well in his deserved retirement.”
Holliday-Williams says: “I am delighted to be joining Aegon at this pivotal time in our industry. I look forward to working with advisers to develop new solutions to enhance their relationships with their clients.”