Scottish Friendly has appointed former Aegon chief financial officer (CFO) Stephen McGee as chief executive officer (CEO).
McGee takes on the role from Martin Pringle who has been acting CEO, since the passing of Jim Galbraith in April 2021. Pringle will remain as acting CEO until McGee’s arrival.
McGee (pictured) joined the board of Scottish Friendly as a non-executive director in September and will take up his new role, subject to regulatory approval, in April.
He had been chief financial officer at Aegon since 2016 and has held senior positions at a number of financial institutions including chief actuary at Lloyds Banking Group and head of actuarial at Phoenix Group.
Commenting on his appointment, McGee said: “It is a great honour to be appointed the next CEO of Scottish Friendly.
“I have known the organisation for some time and have always greatly admired its innovation, pace and commitment to a coherent and successful vision and purpose repeatedly articulated to me by Jim Galbraith over the years.”
Ewing steps-up at Aegon
McGee will be succeeded at Aegon as CFO by Jim Ewing, who joined the firm a decade ago.
He has been chief risk officer since 2014 and has been responsible for a range of strategic projects as well as heading up Aegon’s diversity and inclusion programme.
He joined Aegon from Lloyds Banking Group where he was Solvency II director.
Commenting on his appointment, Ewing said: “As a business we have a huge opportunity to capitalise on the central role that workplace pensions increasingly play in people’s saving journey and the ongoing growth of the adviser platform market.
“The finance team will play a critical role in ensuring that Aegon is a sustainable and long-term partner for intermediaries and that the business is able to deliver on the ambitious investment programme currently underway, designed to enhance the user experience and proposition for intermediaries and customers alike.”