Rod Atfield to retire
Rod Atfield is to bring down the curtain on his 40 year career with Mercantile Mutual at the end of this year.
Rod Atfield is to bring down the curtain on his 40 year career with Mercantile Mutual at the end of this year.
Atfield, who has been managing director of the financial services group since 1995, will hand over the reins to John Wylie when he retires officially on December 31.
Wylie recently returned to Sydney to take up the position of deputy managing director, after a three-year posting as chief executive of Mercantile Mutual parent ING Group's life insurance company in Poland. Wylie was previously general manager of Mercantile Mutual's life insurance division and has held senior management positions with AMP and RetireInvest.
Atfield has presided over Mercantile Mutual when the group has grown funds under manage-ment from $8.6 million in 1995 to $30 million today. He has also been pivotal in the group’s in-tegration of three financial planning groups and the launch of two other groups.
Mercantile Mutual posted a 51 per cent increase in net profit of $130.5 million for the three quarters to the end of June 2000.
Atfield plans to take up positions on several boards, both on the not-for-profit side and commer-cially. And to play a bit more golf.
Atfield joined Mercantile Mutual in 1960 as assistant actuary and led the company since 1995. He was chief executive of the group's life company for 15 years prior.
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