Edinburgh-based investment giant Aegon UK said on Tuesday that Jim Ewing has been appointed chief financial officer (CFO), subject to regulatory approval.

Ewing joined Aegon in 2011 from Lloyds Banking Group and has been chief risk officer (CRO) since 2014.

An actuary by training, Ewing has 30 years of financial services experience.

Ewing replaces Stephen McGee, who will take up the role of CEO at Scottish Friendly.

Aegon UK CEO Mike Holliday-Williams said: “Jim brings a wealth of experience to the role and I’m delighted to have someone with such a strong understanding of our business and the markets in which we operate in this key position.

“His appointment adds continuity to an already very well established senior leadership team and I look forward to working with him as we deliver on our plans for growth in the adviser and workplace markets.

“I’d like to thank Stephen for his significant contribution to the business over the years and wish him all the best for the future.”

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.”