Alternatives

Aegon USA Realty taps real estate equity chief

Philip J. McAndrews was named head of real estate equity at Aegon USA Realty Advisors, said spokesman Bradley Dawson in an email.

It is a new position. Mr. McAndrews, who joined Aegon on Jan. 2, reports to Scott Cote and Christoph Gabler, co-heads of real estate.

He previously was senior managing director and chief investment officer of global real estate at TIAA-CREF. He left TIAA in 2016 when it revamped its real assets businesses and was not replaced.

Aegon USA Realty Advisors, the real estate asset management business of Aegon Asset Management, had $16.9 billion in assets under management as of Sept. 30.