Three new faces have joined the Financial Services Council (FSC) board as directors, at the same time as long-serving FSC director and Australian Unity Group chief executive and chief investment officer, David Bryant, replaces outgoing director Brad Cooper as deputy chair.
AMP’s Australian Wealth Management CEO, Alex Wade, Challenger Limited’s chief financial officer, Andrew Tobin, and the Commonwealth Bank’s NewCo CEO, Jason Yetton, would all join the board.
MLC Wealth CEO, Geoff Lloyd, thanked Cooper for his service to the board, saying that in the last nine years as a director he had provided expert guidance and support, particularly during challenging periods for the industry.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.