Aegon's Thoresen to join ABI as director general

Aegon UK CEO Otto Thoresen has been appointed as director general of the ABI and will take up his new role on April 4.

He will be replaced at Aegon UK by chief operating officer Adrian Grace who has held the position for the past year and oversaw the provider's £33m cost cutting programme during 2010. Grace joined Aegon in February 2009 as director of group development, responsible for delivering greater operational efficiency in Aegon's sales force and its adviser businesses Origen and Positive Solutions. Prior to joining Aegon, he held a variety of business development roles at GE Capital, as well as managing director positions at Sage Group, HBoS and Barclays Insurance. Thoresen leaves Aegon af...