The Front Office

Scouting report · AEG

Duncan Russell

  • Chief Financial Officer & member of the Executive Committee, AEG since 2024-09src

Aegon CFO since September 2024; leaving in April 2027

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design—no proxy read yet
Skin in the game—no holding or price on file
In the role
2 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 3

  • Leaving: Aegon said on 2026-08-20 that it had agreed with him that he will step down as CFO and leave in April 2027 'in connection with' the US move. He said he will not be part of the next phase. The successor search is opensrc
  • His departure falls during the US GAAP conversion and the redomicile to the US (renaming to Transamerica Inc., targeted by 2028-01-01), with first US GAAP reporting planned for full-year 2027src
  • His pay is not disclosed individually: only the sole Executive Director (the CEO) is itemised in the remuneration report, and the Executive Committee is shown only in aggregate key-management compensationsrc

In their favour 1

  • Held 462,972 Aegon shares directly after the March 2026 vesting (Form 3 showed 522,898, of which 299,234 were still time-vesting)src

Career

  1. 2024 – now
    Aegon Ltd.src
    Chief Financial Officer & member of the Executive Committee
    From 2024-09-01; departure agreed for April 2027 (PR-2026-08-20)
  2. 2020 – 2024
    Aegon N.V. / Aegon Ltd.src
    Chief Transformation Officer & member of the Management Board / Executive Committee (group strategy and corporate development)
    The release says effective 2020-09-01; the FY2025 20-F says appointed in August 2020
  3. 2008 – 2012
    J.P. Morgansrc
    Managing Director and Head of Equity Research, European Insurance
    Title from the 2024 release; the 2008-2012 years come from a MarketScreener search summary (WS-ms)

Undated in the sources

  • Admiral Group plcsrc, CFO and board member of Admiral Financial Services (finance, analytics, funding, credit risk, pricing); left for Aegon in 2020, start year not located
  • NN Group N.V.src, Head of Group Strategy and Corporate Finance (capital management, treasury, M&A, group strategy); in the role on 2015-06-02 (WS-nn), start and end years not located

Not located: Only one date inside 2013-2020 is sourced: he held the NN Group role on 2015-06-02. When he moved from J.P. Morgan to NN and from NN to Admiral was not located, so those two entries are left undated. Career before 2008 (he has worked only in financial services, partly in London) not located

Achievements

  • Hired by Friese in 2020 into a new Chief Transformation Officer role running group strategy and corporate development; Friese said they had worked closely together beforesrc
  • Promoted to Group CFO from 2024-09-01, succeeding Matt Ridersrc
  • Before Aegon: CFO of Admiral Financial Services, Head of Group Strategy and Corporate Finance at NN Group, and Head of European Insurance equity research at J.P. Morgansrc
  • Signs the FY2025 20-F as CFO and presented the December 2025 Capital Markets Day plan alongside the CEOsrc

Education

  • University of Bristol, BA History (1999)src

Background

  • Family The FY2025 20-F carries no family-relationships statement for officers, and none was located elsewhere; nothing on the record either waysrc
  • Other British, born 1978 (year only, as the 20-F and the 2020 and 2024 releases give it); no stated age was foundsrc
  • Other Worked under Friese at NN Group before both moved to Aegon, per Friese's own comment in the 2020 appointment releasesrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

10
  1. Filing Aegon Ltd. 20-F for FY2025 (accession 0001193125-26-124987): Composition of the Executive Committee, Remuneration Report, key management compensation, cover page and certifications · 2026-03-26
  2. Filing Aegon N.V. 6-K, 'Aegon appoints Duncan Russell as Chief Transformation Officer' (0001193125-20-176000) · 2020-06-23
  3. Filing Aegon Ltd. 6-K, 'Aegon appoints Duncan Russell to succeed Matt Rider as Chief Financial Officer' (0001193125-24-139954) · 2024-05-16
  4. Filing Aegon Ltd. 6-K, 'Aegon announces Chief Financial Officer transition' (0001171843-26-005664) · 2026-08-20
  5. Filing Aegon Ltd. 6-K, press release 'Aegon Capital Markets Day 2025 - The Next Frontier' (0001171843-25-007849) · 2025-12-10
  6. Filing Form 3, Duncan James Russell (reporting CIK 2118300), Aegon Ltd. (0001493152-26-011346) · 2026-03-18
  7. Filing Form 4/A, Duncan James Russell, shares withheld for tax on 2026-03-25 vesting, amending 0001493152-26-013219 (0001493152-26-014665) · 2026-04-01
  8. Web search result WebSearch: Duncan Russell NN Group head of group strategy / J.P. Morgan (summary: NN release of 2015 has him as Head of Corporate Finance and Group Strategy presenting on 2015-06-02; MarketScreener has him a J.P. Morgan Securities research analyst 2008-2012) · 2026-09-24
  9. Web search result WebSearch: same query; MarketScreener insider page for Duncan Russell (page itself not fetched) · 2026-09-24
  10. Web search result WebSearch: "Duncan Russell" "University of Bristol" Aegon CFO (summary of results incl. Crunchbase person profile; page itself not fetched) · 2026-09-24