Allianz Retire Plus has appointed Colonial First State head of superannuation, Fintan Thornton, in the newly-created role of head of institutional solutions.
Thornton would be responsible for developing the firm’s partnerships and solution design for the institutional segment of the Australian investment market.
Thornton had over 20 years’ experience working across Australian and international financial services markets and was also a non-executive director on the board of CBHS Health Fund.
His other executive roles included head of employee superannuation at Commonwealth Bank of Australia, director of actuarial for Russell Investments, and retirement practice actuarial consultant for Willis Towers Watson in the UK.
Matt Rady, Allianz Retire Plus chief executive, said the company’s extensive global capabilities and expertise in investment innovation could play an important role in helping superannuation trustees at a time of significant industry transformation.
“We are entering a new era in the delivery of a more robust retirement income system,” Rady said.
“With the upcoming retirement income covenant, there is finally a sharper focus on the development of a more sustainable framework.
“It’s pleasing to see several progressive trustees seeking innovative ways to meet the post-retirement investment challenge.
“Fintan’s appointment underpins a growing interest in our capabilities, and his wealth of relevant experience means he is extremely well placed to deliver for our partners.”
