Aegon USA Chooses PAM; Awaits Oracle Upgrade

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Aegon USA, the US subsidiary of Netherlands-based Aegon N.V., is installing Princeton Financial Systems' Pam for Securities portfolio management and accounting system to support its stock and bond portfolios valued at some $20 billion. The deployment of Pam to replace a legacy mainframe-based system is one in a string of IT projects recently launched at the insurer to replace dated investment management technology.

Headquartered in Cedar Rapids, Iowa, Aegon USA is a $38 billion insurance and