Aegon Asset Management lays off three from UK distribution team

Market consolidation

Cristian Angeloni
clock • 1 min read

Three business development managers have been laid off from Aegon Asset Management UK, Investment Week has learnt.

The people in question have not been named, but they all worked within Aegon AM's UK wholesale team. The layoffs took place in June 2023, Investment Week understands. Liquidation of Aegon AM Property Income fund to take longer than 24 months When asked about the move, Aegon AM cited market consolidation within the wealth management space as the reason for cutting down the wholesale sales team, noting how wealth firms have been increasingly focused in London and regional hubs.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week