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    Jason Kalambosas

    Research Analyst at ING Groep N.V.

    Jason Kalambosas is an Executive Director and equity research analyst at ING Groep N.V., specializing in the coverage of European real estate, property, and construction companies. He closely follows firms such as Land Securities, British Land, Derwent London, and Hammerson, providing sector-leading analysis and investment recommendations with robust accuracy. Known for his strong performance metrics, Kalambosas has repeatedly ranked among the top analysts in his sector by independent financial platforms, maintaining a track record of high success rates and consistently positive returns from his stock calls. He began his financial career in the early 2000s, previously holding roles at Société Générale and Dresdner Kleinwort before joining ING, and is registered with multiple regulatory bodies holding professional securities analysis licenses.

    Jason Kalambosas's questions to AEGON (AEG) leadership

    Jason Kalambosas's questions to AEGON (AEG) leadership • Q3 2024

    Question

    Jason Kalambosas from ING Groep N.V. asked for the net deposit figure for retirement plans excluding the two large discontinuances and inquired about the potential for similar future outflows. He also questioned if Aegon's M&A appetite is shifting towards larger deals and sought an update on the strategy for its ASR stake, noting the lack of recent sales.

    Answer

    CEO Lars Fraser specified that the two large plan outflows amounted to $10.5 billion. He stated that M&A is purely opportunistic and value-driven, without a specific size preference. CFO Duncan Russell addressed the ASR stake, reiterating that Aegon is a patient, long-term holder and will only sell if the stake reaches its view of intrinsic value or if a better value-creating opportunity arises, dismissing the idea of a 'vicious circle' impacting valuation.

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