SuperConcepts CEO role expands with transformation strategy

10 October 2019
| By Chris Dastoor |
image
image
expand image

SuperConcepts has announced a transformation strategy which will see chief executive Lara Bourguignon having extended responsibilities for AMP’s wealth product and platforms as managing director, superannuation, retirement and platforms.

The new role was part of a transformation strategy that would focus on simplifying and optimising existing platforms and operating models, and growth via strategic relationships and technology-led alternative revenue streams.

Bourguignon said SuperConcepts would continue to be run as a separate entity which would retain their ‘agility and entrepreneurial mandate’ from AMP.

“This new role will expedite new opportunities to better leverage our strengths by collaborating more effectively with AMP to help serve the changing needs of high net wealth clients,” Bourguignon said.

“After an aggressive acquisition growth strategy, our focus at SuperConcepts turned to migrating our clients to a consistent technology platform and dashboard experience,” Bourguignon said. 

Its next strategy was to leverage the strategic relationship with AMP and determine how to better serve Australia’s largest adviser network.

“A key part of our transformation strategy is to establish alternative revenue streams from the SuperConcepts Innovation Lab – an internal software development team focused on generating new ideas and technology that will be researched, prototyped and developed to deliver capabilities for AMP and external clients,” Bourguignon said.

She said they would also be offering an outsourced software development capability to AMP and the wider market. 

“We see smaller companies that need software development but don’t have the size for internal development teams and are forced to use external consulting firms, and we think we can help them,” Bourguignon said.

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. ...

10 months 1 week ago
Kevin Gorman

Super director remuneration ...

10 months 2 weeks 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 ...

10 months 2 weeks ago

The profit-to-member super funds are officially operating as a merged entity, set to serve over half a million members. ...

1 day 11 hours ago

Super Review announced 21 winners at the annual Super Fund of the Year Awards, including the recipient of the prestigious Fund of the Year Award....

2 days 2 hours ago

APRA data shows the CFMEU accounted for 28 per cent of super fund industrial contributions, with the shadow treasurer calling for a prompt investigation into the payments...

3 days 6 hours ago