Tim Orton has been appointed to head up Origen Financial Services, the financial advice arm of Aegon.
Orton is expected to take the reins as CEO of Origen at the start of 2024 after spending four years at Aegon, most recently as chief investment officer.
Origen has been owned by Aegon for more than 10 years and is operated as a separate entity.
Orton said: "I’m excited to join Origen at such a pivotal point in its future, as we look to both maximise the investment that has been made in the business and continue the development and delivery of our customer proposition.”
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 held the position of managing director of savings at Aviva UK.
Previous to this role, he was CEO of the Aviva platform.
It comes as current Origen CEO Rob Waller prepares to retire at the end of the 2023 after a 36-year career, 21 years of which have been with Aegon and Origen and almost 10 years spent as Origen’s CEO.
Waller is expected to take up a position on the Origen board in April 2024 as a non-executive director, subject to regulatory approval.
CEO of Aegon UK, Mike Holliday-Williams, said Orton beings a "wealth of experience" to the role.
He added: "He will play a key role in driving forward the next phase of Origen’s growth strategy. This will include completing the integration of Nationwide’s Financial Planning service, following the partnership extension announced in August this year.
“I look forward to working with Tim in his new role as we support the business in its next chapter. I would also like to express my thanks to Rob for his contribution over his long career with Aegon UK and Origen, which I am sure will continue in his non-executive role.”
Back in August, it was announced Nationwide's 350-strong planning team would move over to Aegon. Of these, around 215 are financial planning managers, but also provide development and support roles.
tara.o'connor@ft.com
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