Aegon Asset Management has appointed Lindsay Hudson as Head of Inclusion & Diversity. In a new role for the business, Hudson will engage internally on I&D; issues, and advocate for change externally. Hudson joined the firm on January 4, 2021.
MAI is a direct subsidiary of Mongeral Aegon Holding Ltda. MAI's MQ2 assessment reflects the company's disciplined investment process focused on long-term results, experienced team of professionals and the support, commitment and oversight of its direct parent, Mongeral Aegon Holding Ltda. Moody's notes that MAI continues to have very good investment management abilities, supported by strong operations, risk management procedures and controls as well as a good investment infrastructure.
Aegon NV, the Dutch-based insurer that does most of its business in the United States, told investors on Thursday it hopes to end years of underperformance by cutting costs and selling businesses that are either costly with volatile returns, or relatively small. New Chief Executive Lard Friese put forward financial targets that include cutting 400 million euros ($484 million) in costs -- which will require restructuring charges of 650 million euros -- and generating free cash flow of at least 1.4 billion euros in 2021-2023. In October, Aegon sold its trademark Pyramid building in downtown San Francisco for $650 million and in November, it sold its Central and Eastern European operations for 830 million euros.