Zurich wraps up corporate super

Zurich Financial Services Australia has centralised all its corporate superannuation and wrap operations, creating a new dual role to oversee its activities in these areas.

General manager of Zurich’s Finium corporate superannuation division, Karen Malzard, has been appointed into the new position as head of corporate superannuation and wrap.

The move is a bid by the insurance and investments group to streamline its platform business and will see all of the firm’s corporate super offerings - i.super, Finium, and Accountants Superannuation Fund (ASF) - in addition to its WrapAccount platform business, reporting to Malzard.

Malzard, who also has responsibility for the platform sales team, has 11 years financial services industry experience and has worked across a range of areas including product, administration and distribution.

Zurich Australia investment management and life general manager Barry Tomkinson said the group has spent the first few months of this year attempting to identify methods for raising the productivity of its corporate super division.

“A critical step in building Zurich Australia’s profile in the corporate super market is to streamline our management and operational structures and provide us with a more efficient operating base,” Tomkinson said.

Prior to Finium, Malzard was senior product manager of WrapAccount, which now has more than $2 billion in funds under administration.