Youi has appointed Russell Redsell, who has been with the company since late 2018, as chief of corporate affairs and governance, effective from 1 July 2023.
Redsell has a track record of building in-house teams, Youi said in a press release. Since joining the insurance company in 2018, Redsell has held various leadership roles, such as general counsel, executive general manager for legal and compliance, and acting chief risk officer (CRO). He has played a significant role in transforming Youi's in-house legal function, the business said.
Before joining Youi, Redsell worked with Bank of Queensland and within private legal practices in Australia and the UK.
As the new chief of corporate affairs and governance at Youi, Redsell will be behind the launch of a new function that will oversee corporate & regulatory affairs, legal, and governance, including first-line risk and compliance.
“Stepping away from having a reference to ‘legal' in my title for the first time, I embark on an exciting new journey,” Redsell said. “I look forward to leveraging my experience to establish and grow Youi's newest function, which will be responsible for ensuring compliance with regulatory requirements, fostering transparency and accountability with our partners and suppliers, mitigating risks, and safeguarding Youi's brilliant reputation.”
Youi CEO Nathaniel Simpson said: “As Youi continues to grow, this new function under Russell's leadership is poised to make significant contributions to our business, enabling our company to navigate evolving industry challenges, uphold best practices, and maintain a strong foundation for sustainable growth at a time that climate change is impacting Australia's insurance market.”
