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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aegon Ltd | NYSE:AEG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.07 | 1.13% | 6.24 | 6.32 | 6.151 | 6.16 | 1,977,592 | 01:00:00 |
THE HAGUE, The Netherlands, December 18, 2014 /PRNewswire/ --
Aegon and La Banque Postale have entered into exclusive talks to form a strategic asset management partnership in France. The distribution strength of La Banque Postale combined with Aegon Asset Management's broad and international investment capabilities will serve the investment needs of both La Banque Postale's 11 million retail clients and its growing institutional client base.
The opportunity to create a strategic partnership with La Banque Postale supports Aegon's strategy to grow and diversify its customer base and to provide fee-based, capital-light products. It also represents a significant step in implementing Aegon Asset Management's strategy to expand its services and solutions for third-party customers internationally.
The two companies will work together to further strengthen the development of La Banque Postale Asset Management, which will offer a comprehensive range of products - including international equity and multi-asset investment products. These products will be distributed through La Banque Postale's network of approximately 17,000 points of sale, online and by its institutional sales team. The partnership will materialize through a 25% stake in La Banque Postale Asset Management held by Aegon Asset Management.
Aegon and La Banque Postale expect to conclude negotiations in the first quarter of 2015.
About La Banque Postale
La Banque Postale, a subsidiary of Le Groupe La Poste, operates in retail banking, insurance and asset management. As a civic-minded bank, it supports its customers as part of a sustainable banking relationship, with a full range of accessible and high-quality products and services. As a local and public service bank, La Banque Postale meets the needs of a wide range of customers, from retail and companies to professionals and the local public sector. Different customer needs are met by providing services through the national network of post offices, by telephone and online.
About Aegon Asset Management
Aegon Asset Management is a global, active investment manager. Aegon Asset Management uses its investment management expertise to help its clients manage their financial future, with a focus on excellence, trust and partnership. Investors worldwide entrust Aegon Asset Management to manage approximately EUR 290 billion on their behalf. Positioned for success in its chosen markets - Europe, North America and Asia - Aegon Asset Management's specialist teams provide high-quality investment solutions across asset classes.
DISCLAIMERS
Forward-looking statements
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, is confident, will, and similar expressions as they relate to Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Aegon's roots go back 170 years - to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 25 countries in the Americas, Europe and Asia. Today, Aegon is one of the world's leading financial services organizations, providing life insurance, pensions and asset management. Aegon's purpose is to help people take responsibility for their financial future. More information: aegon.com.
Media relations
Marcel van Beusekom
+31(0)70-344-8572
gcc@aegon.com
Investor relations
Willem van den Berg
+31(0)70-344-8305
ir@aegon.com
PRN NLD
SOURCE Aegon N.V.
Copyright 2014 PR Newswire
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