Zurich has announced that Tim Bailey will lead its Australian life and investments business as chief executive once its acquisition of OnePath Life is completed, along with a suite of other leadership appointments for the joint business.
Bailey had been a long-term Zurich executive who had led the Australian life and investments division since 2015, a period which saw the acquisitions of both Macquarie Life and OnePath Life.
Zurich also announced that ANZ’s current managing director of insurance would join the firm as chief operating officer, life and investments, and that ANZ’s Linda Griffin would come on board as head of customer and consumer affairs.
Zurich’s chief distribution officer, Kristine Brooks, would lead the expanded business’ distribution and marketing teams while Matt Drennan would continue as head of savings and investments.
Gerard Kerr was announced as head of OnePath propositions and group insurance and Tim Howell as head of Zurich propositions, which Zurich said reflected its commitment to a dual proposition strategy in the retail channel.
Current head of wealth solutions and partnerships at ANZ, Kieran Forde, would oversee the strategic partnership with ANZ as head of bancassurance and direct.
Don Sillar would depart the team after eight years at the helm of OnePath’s sale team. He would remain as head of sales through to completion of the acquisition to ensure a smooth transition.
The existing leadership teams of both Zurich and OnePath would remain in place until completion of the transaction, which is expected in March next year.