Insignia Financial has announced the appointment of a new chief risk officer (CRO) and chief member officer (CMO) and named a head of superannuation.
As CRO, Anvij Saxena would lead the enterprise risk and compliance team and be responsible for overseeing all aspects of enterprise risk management and compliance.
He had previously worked at Commonwealth Bank for over a decade, most recently as executive general manager for operational risk and CRO. Saxena would be based in Sydney and report to Insignia Financial’s chief executive, Renato Mota.
Meanwhile, Anne Coyne was named CMO and would report directly to the chair of Insignia Financial’s superannuation trustees, where she is responsible for exercising fiduciary responsibilities on behalf of the trustees and advocating for quality member outcomes.
Coyne brought more than 25 years of industry experience to the role, with the last 15 years at MLC and Insignia Financial.
Additionally, it was announced that Insignia Financial’s chief distribution officer, Mark Oliver, would take on additional responsibilities as the head of superannuation.
In this role, he would serve as a point of contact for the business’s superannuation trustees and as a conduit to the trustees for services and governance engagement.
Oliver had held the role of chief distribution officer for over a year and had been with the business, IOOF Holdings, for over six years.
He had some 30 years of experience in the financial services sector in Australia and the UK.
“At Insignia Financial, we are committed to good corporate governance practices. We are focused on continued investment into our three lines of defence as we uphold our risk management frameworks for the benefit of our stakeholders,” said CEO Mota on the appointments.
“We remain dedicated to the continued delivery of improved client and member outcomes and the ability to operate in the best financial interests of beneficiaries.”
