Integrity Life CEO to retire

5 March 2020
| By Jassmyn |
image
image
expand image

Integrity Life chief executive, Chris Powell, has announced his retirement after 40 years working in financial services.

Powell would transition to a capital markets role to lead the current capital raising and relinquish day to day leadership duties.

Current, chief financial officer, Lesley Mamelok will step into the role while the board undertakes an executive search for Powell’s successor.

Chair Eric Dodd said: “On behalf of the Board, I would like to wish Chris well in his forthcoming retirement. Chris retires knowing that he has made an exceptional contribution to Integrity, having successfully driven the launch of one of Australia’s newest insurance companies.

“Integrity Life now has operational momentum, an established market presence, modern, adaptable technology and truly customer and adviser focused underwriting and claims processes.”

Powell was the founding chief executive for five years and is a significant shareholder.

“Having spent the last five years fulfilling my entrepreneurial ambition to launch a disruptive, innovative new life insurer, I’m looking forward to a change of pace, but will continue to support Integrity in any way I can,” Powell said.

Read more about:

AUTHOR

 

Recommended for you

 

MARKET INSIGHTS

sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

3 days 14 hours ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

3 days 14 hours ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

4 days 14 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

8 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 1 week ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND