Transamerica Retirement Services CEO Chosen to Lead AEGON's U.S. Employer Solutions and Pension Business.
LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Transamerica Retirement Services, a marketing unit of Transamerica Financial Life Insurance Company, announced the promotion of CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President Kent Callahan to Group Head of Employer Solutions and Pensions for the AEGON companies. In his expanded role, Mr. Callahan will oversee the operations of Diversified Investment Advisors History
Established as a division of the original MONY (Mutual of NY) and its predecessors, it spun off as a separate entity in the early 1990s. DIA has over 50 years of multi-product, retirement services only industry experience. , Inc., Transamerica Retirement Services, Worksite Marketing and Clark Consulting, Inc. Mr. Callahan will also retain his current role as President and CEO of Transamerica Retirement Services. This newly formed group includes more than 3,000 employees of AEGON companies.
The Employer Solutions and Pensions group creates a new structure which will enable the AEGON companies' business customers to understand the broader portfolio of products and services offered by these four business units. It will also provide synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik)
1. acting together.
2. enhancing the effect of another force or agent.
1. opportunities to serve AEGON companies' clients more efficiently and open up distribution opportunities.
Mr. Callahan, 48, has been instrumental in growing the AEGON companies' pension business through his leadership of Transamerica Retirement Services. Since taking on the role of CEO in 2003, Transamerica Retirement Services' business has grown by an average of 10.4 percent1 over the five year period. Mr. Callahan joined Transamerica Retirement Services in 1986 and has served in several different roles prior to being promoted to President and CEO. Mr. Callahan will continue to be based in Atlanta and will report to Mark Mullin, President of AEGON Americas.
About Transamerica Retirement Services
Transamerica Retirement Services ("Transamerica"), a marketing unit of Transamerica Financial Life Insurance Company, 4 Manhattanville Road, Purchase, New York Purchase, New York is a hamlet of the town of Harrison, in Westchester County. Its Zip code is 10577.
Purchase is home to Purchase College, which is part of the State University of New York system, Manhattanville College, a private liberal arts college, and the headquarters 10577, and other of its affiliates, designs customized retirement plan solutions to meet the unique needs of small- to mid-sized businesses. Transamerica Retirement Services ranked as the top plan provider2 in a recent PLANSPONSOR([R] )Magazine Defined Contribution Survey and has more than 15,0001 retirement plans totaling more than $13.21billion in assets. For more information about Transamerica, please refer to www.TA-Retirement.com.
About AEGON N.V.
AEGON is one of the world's leading life insurance and pension groups, and a provider of investment products. AEGON empowers local business units to identify and provide products and services that meet the evolving needs of customers, using distribution channels best suited to local markets. AEGON takes pride in balancing a local approach with the power of an expanding global operation. With headquarters in The Hague, the Hague, The (hāg), Du. 's Gravenhage or Den Haag, Fr. La Haye, city (1994 pop. 445,279), administrative and governmental seat of the Kingdom of the Netherlands, capital of South Holland prov., W Netherlands, on the North Sea. Netherlands, AEGON companies employ more than 33,000 people worldwide. AEGON's businesses serve millions of customers in over twenty markets throughout the Americas, Europe, and Asia, with major operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , the Netherlands and the United Kingdom.
Respect, quality, transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. and trust constitute AEGON's core values as the company continually con·tin·u·al
1. Recurring regularly or frequently: the continual need to pay the mortgage.
2. strives to meet the expectations of customers, shareholders, employees and business partners. AEGON is driven to deliver new thinking with the ambition to be the best in the industry.
1 (As of December 31, 2008.)
2 (The November 2008 PLANSPONSOR[R] Magazine Defined Contribution Survey results place Transamerica Retirement Services among the top providers out of 52 for retirement plans with up to $50 million in assets based on total number of cups won. See the November 2008 issue of PLANSPONSOR[R] Magazine for complete results.)
TRS See traffic engineering methods.
TRS - term rewriting system 5477-0309
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