Patrick Gale, AEGON N.V. executive chairman of distribution, has left the company and will be replaced by current strategy director Rob Waller. Gale was appointed to the position in June 2011 having originally joined Aegon in a non-executive role. Waller's appointment is currently awaiting FSA approval.

Gale joined Aegon in March 2010 as non-executive chairman of Aegon's distribution board. He was previously chief executive of network Sesame between 2000 and 2007.