ROMANIA: Dutch insurer AEGON grants clients access to large investment funds

28 October 2013 —
Dutch insurer Aegon launched in Romania a new division that grants clients access to large investment funds, targeting medium and high income individuals.

Aegon Private Investments will facilitate investments into international funds managed by large financial groups of the likes of Allianz or JP Morgan. Investments starting at EUR 5,000 can be placed through Aegon Privilege.

Sinziana Maioreanu, CEO Aegon for Romania, said this kind of investment is more accessible than the direct purchase of fund units.

Aegon's new division has been active in Romania for two months, already managing a portfolio of over 50 contracts.

The insurer aims to strengthen its local presence after acquiring the life insurance and private pension portfolios from Eureko earlier this year. The company also launched its own distribution chain.

Globally, Aegon reported second quarter sales of EUR 520 million, up 21 percent from the same period of last tear. Its gross profit grew by five percent to EUR 478 million in the same period.

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ROMANIA: Dutch insurer AEGON grants clients access to large investment funds
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