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 $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.