Former ING chief finance officer Matthew Rider is expected to join multinational insurer Aegon next year following a sabbatical from the industry.
The Dutch-headquartered firm, which operates an agency distribution channel in Canada under the World Financial Group (WFG) brand, announced that its supervisory board will formally nominate Rider for appointment as CFO and member of the executive board at its annual general meeting.
Rider will start in his new role on January 1, succeeding Darryl Button. He joins Aegon after more than 25 years of serving in various capacities within the financial services industry.
“Having already spent a memorable couple of years working for Transamerica at the start of my career, I’m particularly excited to be joining Aegon and seeing the remarkable transformation the company has been through, and supporting its onward journey,” Rider said.
Rider was a member of ING’s Management Board Insurance until 2013, having previously served as chief financial officer for ING Insurance and as head of product development for the company’s retail annuity business in the US.
From 1994 to 2003, Rider held various positions in the Merrill Lynch Insurance Group, including chief actuary and chief investment officer. He also worked for Transamerica and Banner Life Insurance Company.
“He brings a broad range of experience, including managing finance and risk functions and developing a Solvency II framework,” said Rob Routs, chairman of the Aegon’s supervisory board.
“We look forward to benefiting from his extensive knowledge in banking and insurance in Europe and the United States,” Routs added.
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