Aegon Asset Management, the investment subsidiary of the Dutch insurer, has hired Bill Dinning from the investment banking unit of UBS as its new UK head of strategy.

He is replacing David Sheasby, who left three months ago to pursue other interests. Dinning's arrival comes as Aegon also prepares to lose both Chris Bowie, who has been acting head of strategy since Sheasby's departure, and Wendy Hay, UK chief investment officer over the next few months.