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    Iain Pearce

    Research Analyst at Exane BNP Paribas

    Iain Pearce is an Executive Director and senior equity analyst at Exane BNP Paribas, specializing in coverage of European financial institutions with a focus on insurance companies such as Aegon and Swiss Life. Pearce covers 27 stocks and maintains a 63.37% success rate on his investment recommendations, earning a 3.28-star ranking on analyst performance platforms. Beginning his career as a research analyst, he joined BNP Paribas SA (London Branch) as Executive Director in 2023, following earlier research roles within the sector. Pearce is recognized for his sector insight and regularly publishes stock ratings and performance outlooks for major European insurers.

    Iain Pearce's questions to AEGON (AEG) leadership

    Iain Pearce's questions to AEGON (AEG) leadership • H1 2025

    Question

    Iain Pearce of Exane BNP Paribas questioned the main challenges of the potential re-domiciliation, including the U.S. GAAP transition and any discussions with the main shareholder, Vereniging Aegon. He also asked if the move presented asset allocation opportunities, such as re-risking the U.S. portfolio.

    Answer

    CEO Lard Friese identified key challenges as building up head office processes in the U.S. while reducing them elsewhere, managing the complex U.S. GAAP implementation, and ensuring proper change management. He confirmed Vereniging Aegon has been informed. CFO Duncan Russell stated he sees no impact from the re-domiciliation on asset allocation choices, as the U.S. entity is already managed under the U.S. statutory regime with an appropriate asset allocation for its liabilities.

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