Aegon in China

AAM said in a statement that the move to establish the WFOE in Shanghai would allow the business to further strengthen and deepen its strategic relationships in the region, specifically with its Chinese joint venture Aegon Industrial Fund Management Company Limited (AIFMC).

AIFMC was established when Aegon entered into partnership with Chinese brokerage Industrial Securities in 2008 to provide fund products and asset management services to the local public domestic market. The new WFOE aims to complement AIFMC's existing distribution strategy and investment capabilities.

Aegon has also being growing its activities in the Chinese life insurance sector for over 15 years. The joint venture, Aegon THTF Life Insurance Co., sells life insurance and accident and health products through 13 branches. This geographic network gives Aegon THTF access to a potential market of over 656 million people, primarily in the coastal provinces of eastern China.

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AEGON NV published this content on 06 June 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 June 2019 12:17:02 UTC