Aegon Asset Management Unites Executives and Global Teams to Deliver Faster and More Predictably
With roots going back 200 years, Aegon Group is one of the world’s leading providers of life insurance, pensions, and asset management. The global company operates in more than 20 countries with 26,000 employees and reports more than EUR 804 billion in revenue-generating investments. As part of Aegon Group, Aegon Asset Management (AAM) intends to retain its industry-leading position. AAM set some big goals, including digitalization and accelerating the pace of change. To achieve those objectives, and more, IT leaders realized that distributed teams in the UK, Netherlands, and the US needed to collaborate on a global level. AAM had begun bottom-up, informal efforts in Agile and DevOps, and yet, the teams still weren’t able to work together effectively.
AAM turned to SAFe as a means to expand the company’s Agile efforts and keep teams synchronized across borders. They saw SAFe’s Portfolio level as a way to align enterprise strategy with Portfolio execution and were able to establish a single, global backlog reviewed and prioritized by C-suite stakeholders. AAM is a model for showcasing the importance of executive engagement, Lean Portfolio Management, consistent expectations, and how a successful transformation needs all levels of the organization.
“We saw SAFe as providing a unifying structure to get our different units working together in the same way.”
—Philip Johnson, Global Chief Change Officer, Aegon Asset Management
Presented at the Global SAFe Summit, October 2020.