.jpg)
Matthew Rady, an investment and financial services industry veteran with more than 25 years of experience, has been appointed CEO of Allianz Retire+ to lead its business in Australia, including launching its first retirement-income product later this year.
Meanwhile, Patria Mann, Bernie Ripoll, and David Plumb will join Allianz Retire+'s board as independent non-executive directors, with Plumb serving as chairman.
Plumb, currently non-executive chairman of BT Funds Management and non-executive director of icare, has more than three decades of financial services experience as a director, adviser, and executive.
Mann, KPMG partner and non-executive director of Allianz Australia, Event Hospitality and Entertainment, and Ridley Corporation, brings to her new role years of experience as a superannuation fund non-executive director.
Ripoll, a former member of Parliament, is a non-executive director for not-for-profit Inala Primary Care and Crohn’s and Colitis Australia, a director at the Finance and Energy Exchange, director and chairman at Utilitas, and a director and chairman at MapMyPlan.
Adrian Stewart, head of PIMCO Australia and New Zealand, who has been acting as interim CEO, will become a non-executive director on the board.
“Matt is an exceptional executive with the industry expertise, client orientation, and leadership skills to position Allianz Retire+ for long-term success,” Stewart said.
The news comes after the May launch of the new business that combines the expertise of Allianz’s global life insurance business with PIMCO’s global investment management experience to deliver the next generation of retirement income solutions.
