Rice Warner has announced two key changes to its leadership team, with Michael Rice stepping down as chief executive to focus on public policy initiatives and a few key clients.
He would be replaced by Willis Towers Watson’s head of Australasia, Andrew Boal, effective immediately, in what the company said was a “smooth succession plan”.
“I have known and respected Andrew for many years. I am delighted that he has chosen to take this role. At a time of industry turmoil and rapid change, Rice Warner will be well positioned to continue to support our clients with Andrew at the helm,” Rice said about his successor.
Rice would remain an executive and board member of Rice Warner.
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.