Aviva’s former savings and platform boss Tim Orton will join Aegon as managing director of investments.
Mr Orton - who left Aviva in January after the company suffered a number of technology failings - will be responsible for the delivery and development of Aegon’s investment proposition in the retail and workplace markets.
He will join the company in September and oversee all aspects of investment proposition, operations and governance.
Aegon has a history of developing and managing multi-asset insured pension funds for both the workplace and retail markets.
In May it launched its first Oeics range – the LF Aegon Multi-Asset funds – which can be held in a pension, Isa or GIA wrapper.
These funds are currently used as Nationwide Building Society’s primary investment offering to its direct clients.
Mr Orton has held a number of senior roles in the investments, life, and pensions industry over the last two decades, starting his career as actuarial trainee at Royal Liver Assurance in 1992.
He then joined Aviva in 1996, where he most recently held the position of managing director of savings at Aviva UK.
Previous to this role, he was CEO of the Aviva platform.
He left Aviva earlier this year after the firm encountered a number of struggles with its new platform technology, causing huge frustrations for advisers.
FTAdviser reported in January that Aviva’s decision to move to a different technology provider resulted in an ongoing blackout, with the platform deemed ‘out of action’ for days and errors continuing for months.
Commenting on his new appointment, Mr Orton said: “Aegon manage in the region of £60bn of investment assets on behalf of customers and I look forward to joining the business and building on its established investment credentials.”
Mark Till, managing director of digital solutions at Aegon, added: “Tim joins at an exciting time for our investment business as we look to strengthen our investment capabilities, and in particular our proposition for the retail market.
“His broad experience will be extremely valuable and he brings with him a wealth of knowledge in investment platforms."
