Alexander Wynaendts Explained

Alexander Rijn "Alex" Wynaendts (born 1 August 1960)[1] is a Dutch businessman who was CEO and chairman of the board of Aegon N.V. from 2008 until 2020.[2] [3] [4] In May 2022 he was elected Chairman of the Supervisory Board of Deutsche Bank AG.

Early life

Wynaendts was born in August 1, 1960 in Almelo. His father is a longtime Dutch diplomat who was Ambassador to France from 1989 to 1997.

Wynaendts attended French schools in Beirut, Jakarta and Brussels. He graduated from École Supérieure d’Electricité in Paris in 1984 and also obtained a degree in economics at the University of La Sorbonne Paris in 1984.

Career

Wynaendts began his career with ABN AMRO in 1984, working in the bank’s private banking and investment banking operations in both Amsterdam and London.

Prior to being appointed as CEO of Aegon, Wynaendts held a number of different positions within the company, beginning in 1997 in Group Business Development. In particular, he established and expanded Aegon’s presence in new markets in Asia such as China, Hong Kong, India and Japan, as well as the fast-developing region of Central and Eastern Europe. Wynaendts joined Aegon’s Executive Board in 2003 and was appointed Chief Operating Officer in 2007.

Following his appointment as CEO in May 2008, Wynaendts led Aegon through the financial crisis that started in the summer of 2008. He also led a series of disposals in an effort to streamline the business,[5] including the 2011 sale of Transamerica Corporation to French reinsurer SCOR for $900 million.[6]

In May 2020, Wynaendts retired after 12 years as CEO of Aegon.

In May 2022, Wynaendts has been elected chairman of the Supervisory Board of Deutsche Bank AG.[7] He was seen as an outsider, but he quickly gained the respect of insiders and investors.[8]

Other activities

Corporate boards

Non-profit organizations

Personal life

Wynaendts lives in The Netherlands. He is married to Caroline André de la Porte, an artist, and has two children.

Notes and References

  1. http://www.bestuurders.eu/personen/alexander-wynaendts/?tab=personalia Profile
  2. Web site: Aegon Declines the Most in Six Years After $563 Million Loss. David De Jong. 12 November 2015. Bloomberg.com. 10 January 2016.
  3. Web site: Aegon benoemt Alex Wynaendts tot opvolger Shepard. Algemeen Dagblad. 10 January 2016. 2007.
  4. Web site: Lard Friese to succeed Alex Wynaendts as Aegon’s CEO. Aegon. en. 2020-05-31.
  5. Oliver Ralph (10 August 2017), Aegon sells Irish business to Athene for €180m Financial Times.
  6. Matt Steinglass (26 April 2011), Aegon sells reinsurance arm to Scor Financial Times.
  7. Web site: Alexander Wynaendts nominated for election as next Chairman of Deutsche Bank’s Supervisory Board . 2023-08-15 . www.db.com . en.
  8. News: Storbeck . Olaf . 2023-05-16 . How a publicity-shy chair is revamping Deutsche Bank . Financial Times . 2023-08-15.
  9. https://www.citigroup.com/citi/news/2019/190904b.htm Citi Board Elects Alexander Wynaendts and Grace Dailey to Board of Directors
  10. https://www.salesforce.com/company/news-press/stories/2020/5/salesforce-emea-board/ Salesforce Appoints Advisory Board to Support Growth in EMEA
  11. https://www.rijksmuseum.nl/en/press/press-releases/alex-wynaendts-to-be-new-chair-of-supervisory-board-at-rijksmuseum Alex Wynaendts to be new Chair of Supervisory Board at Rijksmuseum