Aegon chief investment officer (CIO) Tim Orton has been appointed chief executive officer of Origen Financial Services.
Orton will take up this position from 1 January 2024, subject to regulatory approval.
Origen has been a wholly owned subsidiary of Aegon UK for over 10 years and is a financial advice business.
He joined Aegon in 2019 and previously worked for Aviva where he was CEO of Aviva Investors and managing director pensions and investment at Aviva Life UK.
This appointment follows current Origen CEO Rob Waller announcing he is set to retire at the end of 2023.
Waller spent 21 years of his 36-year long career at Aegon and Origen and nearly a decade as Origen’s CEO.
Waller is expected to take up a position on the Origen board in April 2024 as a non-executive director, again subject to regulatory approval.
Aegon CEO Mike Holliday-Williams said: “Tim brings a wealth of leadership experience gained in a number of senior roles – including at Aegon UK – and 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.”
Orton added: “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.”
In April 2023, Orton told Money Marketing most people do not understand that they can use their pension investments to drive environmental, social and governance (ESG) issues.
Whilst speaking about the Aegon Master Trust (AMT) workplace pensions fund range, Orton explained that it now allows investors to select what risk level and sustainability issue they wish to support in pensions.
The AMT has been redesigned to provide scheme members access to more investment choices globally and further integrates ESG considerations into it.
The AMT has £4bn in assets under management (AUM).
The enhanced fund range includes 16 new funds, bringing the overall total to 28, with 26 of the funds have ESG embedded into their design.
The two funds that do not fall into the ESG category are UK gilt funds as Orton explained “we cannot claim the UK government is ESG”.
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