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AEGON Names New CEO For AEGON Americas

To oversee the operations in US, Canada, Mexico and Brazil

AEGON, a Netherlands-based life insurance, pension and investment company, has named Mark Mullin as CEO of AEGON Americas and member of its management board to succeed Pat Baird, who retires on January 1, 2010.

As president and CEO of AEGON Americas, Mr. Mullin will have the responsibility for AEGON’s operations in the US, Canada, Mexico and Brazil. He will also serve on company’s management board. In this capacity, he will assume the added responsibility for its global life reinsurance activities. Mr. Baird’s management board responsibility for the Asia-Pacific region will be taken over by Alex Wynaendts, CEO of AEGON.

Mr. Mullin began his career with AEGON in 1987. Since then, he has held various positions within the frim, both in the US and in Europe. In 2002, he was appointed president and CEO of diversified investment advisors, AEGON’s US provider of pensions and retirement services, and in 2006 became head of AEGON’s annuity and mutual fund businesses. In January this year, Mr. Mullin was named president of AEGON Americas, working closely with CEO Pat Baird.

Mr. Wynaendts said: “Mr. Mullin is ideally qualified to lead AEGON Americas in what continues to be a challenging but exciting time in the world’s largest market for life insurance and pensions. We are grateful to Mr. Baird for his leadership and many contributions to the growth of our business in the Americas. Mr. Mullin inherits a dedicated, customer-focused organization, with leading market positions, a diverse business mix and a broad distribution network. Mr. Mullin’s extensive knowledge of AEGON and its businesses will serve him well as he and his team work to further strengthen our position in the US and elsewhere in the Americas.”

Mr. Mullin said: “I am extremely honored by this opportunity to build on the solid progress achieved in recent years within AEGON Americas. Now more than ever, our customers require high quality products and services that will give them greater control over their financial futures and ultimately peace of mind regardless of market swings and inevitable economic volatility. I look forward to working closely with the talented and dedicated people who lead and support our businesses as we build upon AEGON’s leadership position in serving this developing need.”

However, Mr. Mullin’s appointment to the management board is subject to approval of the Dutch Central Bank.