Michael Rice has stepped down as chief executive of Rice Warner after building the firm and leading it for over 30 years. He will continue working on key clients and public policy initiatives. Rice remains as an executive and board member and is a trustee director of StatePlus. Former head of Australasia at Willis Towers Watson, Andrew Boal, has assumed the position of chief executive. He has over 30 years’ experience in the financial services industry and is the chair of the conference committee at the Association of Superannuation Funds of Australia (ASFA) and chair of the Retirement Strategy Group at the Actuaries Institute of Australia.
SuperConcepts has a new chief executive with the appointment of former AMP executive, Lara Bourguignon. She has over 20 years’ experience within the finance and superannuation industry and joins from her role as director of customer experience at AMP. Bourguignon takes over the role from interim chief executive Adrian Urquhart.
Deutsche Bank has appointed Jennifer Scott-Gray as head of global transaction banking, Australia. She was most recently global head of trade finance sales at Westpac Institutional Bank and also held the position of global head of trade finance for Australia. Scott-Gray has held leadership positions at Citibank and BNY Mellon.
AMP has announced a change in leadership to its Australian Wealth Management team. Lakshman Anantakrishnan has been appointed as chief investment officer. He joins from his role as head of portfolio management at Credit Suisse and will be responsible for AMP’s superannuation trustees. Jen Thomas has joined as chief operating officer from RBS and has extensive experience leading operations, technology and change in financial services. Fraser Herd has been appointed as managing director, client relationships. He joins from Credit Suisse where he was a part of the private banking leadership team. Ant Dureau has been promoted to chief client officer from his role as acting director strategic marketing & customer experience. His expertise is in brand, acquisition, client and channel management.
Managed Accounts Holdings has announced internal promotions to its executive and distribution teams. Craig Giffin has been appointed as chief risk officer from his position as head of risk management, legal and compliance. He has over 30 years’ experience in financial services with roles at Nikko Asset Management, Barclays Global Investors, Fortis Investments, BNP Paribas and St. George Bank. Sanja Petrovic has been appointed as head of information technology. She joined in 2008 as a programmer analyst and recently held the position of head of IT for the MDA division. Luke Peterson has been promoted to relationship manager within the distribution team from his position as client service officer.
Robeco has expanded its Australian team with the appointment of Chris Wildman as institutional sales director. He joins from Mirae Asset Global Investments where he established the business in Australia and managed distribution across institutional and wholesale investors. Wildman has held roles at AMP Capital Investors in a similar capacity.
Tribeca Investment Partners has appointed Jun Bei Liu as portfolio manager for the Tribeca Alpha Plus Fund. She first joined Tribeca in 2005 and has been the co-portfolio manager since 2018. She takes over the portfolio management responsibility from Sean Fenton who has stepped down after 14 years at Tribeca.
IOOF has formalised Allan Griffiths’ position as independent, non-executive chair after being acting chair since December 2018. He took over the position from George Venardos, who stepped down and still remains on leave. Griffiths has over 30 years’ experience in financial services and was previously the chief executive of Aviva Australia and managing director South Asia for Aviva Asia based in Singapore. Christopher Kelaher has resigned from his position as chief executive which he held for 10 years. As previously announced in December, Renato Mota will continue as acting chief executive.
AMP Limited has appointed Debra Hazelton as a non-executive director. She has over 30 years’ experience in financial services and held the position of chief executive of Mizuho Bank in Australia and Commonwealth Bank in Japan. Trevor Matthews has retired from the AMP Limited board but will remain on the board of AMP Life following the completion of the sale of AMP Life to Resolution Life.
The Financial Service Council has appointed three directors. Alex Wade, chief executive of AMP’s Australian Wealth Management, Andrew Tobin, chief financial officer at Challenger Ltd and Jason Yetton chief executive of Commonwealth Bank’s NewCo join the board. Brad Cooper, chief executive of BT Financial Group is leaving the council and David Bryant chief executive of Australian Unity Trustees will take over his position as deputy chair.
Evans Dixon has appointed Peter Anderson as an independent director. He is currently the chair of McGrathNicol and has over 25 years’ experience in leadership positions. Anderson takes over the role from David Crawford who has announced his retirement.
The Treasurer has announced the appointment of Caron Beaton-Wells as a lay member of the Australian Competition Tribunal for a period of five years. She holds the position as director of the Competition Law and Economics Network as well as the Global Competition and Consumer Law Program at the University of Melbourne
The Government has announced new commissioners to the Productivity Commission for a five-year period. Catherine de Fontenay is an associate professor of economics at the University of Melbourne. Lisa Gropp has held senior positions at the Productivity Commission and was most recently the chief economist of the Business Council of Australia. Malcolm Roberts has been appointed as an industry specialist commissioner and joins from his position as chief executive of the Australian Petroleum Production and Exploration Association. Paul Lindwall has been reappointed as a commissioner having served since 2015. He has led inquiries on infrastructure, telecommunications and agriculture.
Assistant Treasurer Stuart Robert has announced changes to the Treasury Portfolio. Adam Boyton, chief economist at the Business Council of Australia and Meghan Quinn, deputy secretary of the Department of Treasury’s Macroeconomic Group, have been appointed as part-time members to the Australian Statistics Advisory Council. Additionally, Deborah Cobb-Clark, professor of economics at the University of Sydney, and Luci Ellis, assistant governor (economics) at the Reserve Bank of Australia have been reappointed. Elissa Freeman and Louise Lakomy have been appointed as part-time directors of the Financial Advisor Standards and Ethics Authority. Carolyn Bond and Deborah Kent have been reappointed and all will serve for a three-year period. William Edge has been reappointed as the chair of the Financial Reporting Council (FRC) and Stein Helgeby has also been reappointed as a member. Suzanne Bell and Lawrence Tremaine have been appointed as members of the FRC. David Brown, Michael Gronow, Cameron McKenzie and David Miller have all been reappointed as part-time members of the Insolvency Practitioner Registration and Disciplinary Committees.