Russ Morrison was named global CIO for fixed income at Aegon Asset Management, a spokesman confirmed.
Mr. Morrison, who joined Monday, replaces interim global CIO Kirk Buese. The position was created in December when the firm announced the formation of its four investment platforms, covering fixed income, real assets, equities, and multiasset and solutions. At the time, Mr. Buese indicated that he wished to retire but said he would take on the role on an interim basis until a permanent appointment was made. The platforms came into effect in February, the spokesman added.
Mr. Morrison oversees Aegon's €170 billion ($190.7 billion) fixed-income platform, leading 140 investment professionals around the world. He is based in Chicago. He reports to CEO Bas NieuweWeme.
Mr. Morrison had been in an advisory role at Barings since 2017, a spokeswoman for the firm said. Previous roles included head of fixed income, equities and multiasset at the firm.
Aegon Asset Management has a total €352 billion in assets under management.