The Hague, The Netherlands — AEGON-CNOOC opened a new branch office in Guangdong in line with its strategy to expand its businesses in the fast-growing coastal provinces of eastern China. Guangdong is the joint venture's sixth branch following its entry into Beijing, Jiangsu, Shandong, Shanghai and Zhejiang.
"China is a key growth market for AEGON, given the continued economic expansion underway, and the emergence of an ambitious middle class with an increasing demand for life insurance, pensions and related investment products," says AEGON Chairman-elect of the Executive Board Alexander Wynaendts. "With the addition of Guangdong, AEGON-CNOOC is now present in areas that have a combined population of over 300 million. We have a solid position in China and intend to leverage AEGON's broad capabilities for the benefit of our Chinese customers and to ensure continued growth in the years ahead."
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