New chair on Managed Accounts Holdings board

12 February 2019
| By Anastasia Santoreneos |
image
image
expand image

Managed Accounts Holdings has announced former Pillar Administration chief executive officer, Peter Brook, would step up as its new non-executive chair, replacing Don Sharp.

Brook joined the Managed Accounts board in April last year after a 40-year career in executive and director roles at Pillar, StatePlus, Alinta Energy, Challenger Financial Services Group, MLC and Grant Thornton.

The announcement follows Sharp’s announcement to step down from the role, citing increased executive responsibilities as a result of taking on the role of interim chief financial officer until a replacement for former CFO, Mark Pozzi, is found.

In an announcement to the Australian Securities Exchange, the firm said Sharp’s remuneration would be temporarily increased to $240,000 per annum (plus superannuation) during the period he performs the duties of CFO. The salary was equivalent to what is currently being offered to a replacement CFO, and included his remuneration as executive director.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year ago
Kevin Gorman

Super director remuneration ...

1 year ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year ago

The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation ...

11 hours ago

Super funds had a “tremendous month” in November, according to new data....

4 days 10 hours ago

Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion....

4 days 15 hours ago