Our history

Aegon's heritage dates to 1844, when a funeral association in Leeuwarden in the Netherlands was founded.

 

The next 140 years saw a range of insurance and investment businesses evolve in the Netherlands.

The name Aegon originated in 1983, when two Dutch insurance companies (AGO and ENNIA) merged to become the second largest insurer in the Netherlands. Throughout the 1980s the company accelerated its international expansion. This included in the US, where Aegon bought the Baltimore-based life insurer Monumental Corporation in 1986. By 1989 Aegon brought its growing Asset Management US business together under a single name: Aegon USA Investment Management, with its headquarters in Cedar Rapids, Iowa.

In 1999 Aegon acquired Transamerica, one of the best-known insurers in the United States, and a company with a rich history of its own. This was the largest purchase ever made by a Dutch company overseas and the second largest in US insurance industry. Transamerica operates under its own brand name in North America and remains one of the most-familiar names in the American insurance industry.

Timeline

Date

Description

1988 Aegon Investment Management B.V. was established in the Netherlands as a dedicated investment business.
1989 Aegon USA Investment Management, Inc. was incorporated and registered as an investment adviser with the SEC. In the same year, Aegon USA Realty Advisors, Inc. (AURA, Inc.), was incorporated.
1993 Aegon bought a 40% stake in the Scottish Equitable Life Assurance Society in the UK, later raising its stake to 100% in 1998. The investment division became Scottish Equitable Asset Management, which in 2001 was renamed Aegon Asset Management UK, which later rebranded as Kames Capital in 2011.
2003 Aegon acquired TKP, a fiduciary manager and pension plan administrator. The fiduciary and multi-management services offered under the TKP Investments brand later became part of Aegon Asset Management.
2008 Aegon-Industrial Fund Management Co. (AIFMC) was established, a Chinese joint venture in which Aegon Asset Management has a 49% stake.
2009 Aegon Asset Management was formed to host the multiple asset management businesses around the world and support collaboration in various business and operational activities. In the same year Aegon USA Realty Advisors, LLC was formed by converting from a corporation to a limited liability company under the laws of the state of Iowa.
2011 Aegon Asset Management became a signatory to the UN-backed Principles for Responsible Investment.
2015 Aegon Asset Management acquired a 25% stake in La Banque Postale Asset Management (LBPAM) in France.
2018 Aegon Asset Management established a common executive management team to oversee its principal European business units, including Aegon Asset Management and TKP Investments in the Netherlands, and Kames Capital in the UK.
2019

In June Bas NieuweWeme joins as Chief Executive.

In December Aegon Asset Management announced the integration of its European and North American investment businesses to create a global organization.
2020

Global integration took effect from February, with investment capabilities organised around four global platforms in which we have deep asset-class expertise: fixed income, real assets, equities, and multi-asset & solutions.

In September Kames Capital and TKP Investments brands retired to align global capabilities around the Aegon Asset Management brand.