Scottish Financial News reported yesterday that Aegon’s former CFO Stephen McGee was appointed CEO of Scottish Friendly.

Mr Ewing joined Aegon in 2011 and he has been chief risk officer since 2014, having been responsible for various strategic projects as well as heading up Aegon’s Diversity and Inclusion programme.

An actuary by training, he has 30 years’ financial services experience, and was previously Solvency II director at Lloyds Banking Group.

Stephen Mcgee has been chief financial officer since 2016 and prior to that held a number of senior finance positions within Aegon. It has just been announced that he is moving to the top job at Scottish Friendly, taking over from Martin Pringle, who has been acting CEO since Jim Galbraith passed away in April.

Mike Holliday-williams, chief executive of Aegon UK, said: “Jim brings a wealth of experience to the role and I’m delighted to have someone with such a strong understanding of our business and the markets in which we operate in this key position. His appointment adds continuity to an already very well-established senior leadership team and I look forward to working with him.

“I’d like to thank Stephen for his significant contribution to the business over the years and wish him all the best for the future.”

Mr Ewing said: “As a business we have a huge opportunity to capitalise on the central role that workplace pensions increasingly play in people’s saving journey and the ongoing growth of the adviser platform market.

“The finance team will play a critical role in ensuring that Aegon is a sustainable and long-term partner for intermediaries and that the business is able to deliver on the ambitious investment programme currently underway, designed to enhance the user experience and proposition for intermediaries and customers alike.”