Aegon Asset Management Names Gary Black CEO of U.S. Arm

Jun 22 2016 | 7:14pm ET

Aegon Asset Management has appointed former Janus Capital Group CEO Gary Black as chief executive officer of its U.S. unit. 

Black’s appointment is effective June 27, 2016, according to a company statement. He will be based in Chicago and will report to Sarah Russell, CEO of Aegon Asset Management.

In his new role, Black will lead all aspects of Aegon Asset Management's U.S. business, and focus on implementing the company’s strategy to develop and distribute high-quality investment strategies and solutions for investors in the U.S. and abroad. 

Aegon’s U.S. arm specializes in fixed income, credit and structured capabilities. It had $128 billion in AUM as of March 31. 

Black has 24 years' experience in financial services. He was most recently global co-chief investment officer at Calamos Investments. Beforehand, he was CEO and CIO of Black Capital, and was CEO of Janus Capital Group from January 2006 to July 2009. At Janus, Black was responsible for successfully building distribution, creating a global team structure and turning around investment performance, the statement said. 

Before joining Janus, Black was CIO for global equities and responsible for U.S. distribution at Goldman Sachs Asset Management. He began his investment career in 1992, working as a research analyst at Sanford Bernstein, where he was named the top-ranking analyst in his sector for six consecutive years. 

"We are pleased that Gary Black is joining Aegon Asset Management," said Russell. "His distinguished track record and extensive experience in our industry make him an outstanding choice to lead our business in the US. Gary's experience in distribution, investments and creating global teams will be invaluable, and his appointment is a major step forward for our organization.

Aegon Asset Management is a global, active investment manager. Worldwide, the firm manages approximately €344 billion as of March 31, 2016 across its U.S. unit and global brands including Kames Capital in the UK and fiduciary and multi-manager investment team TKP Investments in the Netherlands. Aegon Asset Management is part of Aegon N.V., a global life insurance, pensions and asset management company based in The Hague, Netherlands. 

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