MGP hires former Pillar’s CEO
Managed Accounts Holdings Limited (MGP) has announced that former chief executive of superannuation administrator Pillar, Peter Brook, has joined its board.
His appointment was expected to strengthen the board and the company’s ongoing push into the retail super sector over the next year.
Brook joined Pillar Administration in 2013 and was responsible for the overhaul of its operating model, technology and member services.
He departed Pillar in January following Mercer’s acquisition of Pillar.
His career also included executive roles at StatePlus, Alinta Energy, Challenger Financial Services Group, MLC and Grant Thornton.
Managed Accounts’ chairman, Don Sharp, said: “Peter’s vast experience will prove a major asset to Managed Accounts as we embark on a range of new initiatives this year.
“His insights into technology, personal super, and engagement will be particularly valuable.”
Managed Accounts posted a 62.3 per cent lift in pre-tax profit in the December 2016 half year.
The company also said that its retail superannuation solution was being rolled out to 13 licensees, potentially reaching those investors who preferred personal super products rather than self-managed super funds.
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