Mr Hannah will be responsible for the retail advised insurance team, overseeing distribution and sales, key account management and specialist insurance functions, along with sales analytics and insights, according to a statement by MLC.
MLC general manager of retail advised insurance, Melissa Heyhoe, said: "As we transition into a specialist insurance business, it's imperative that we have end-to-end ownership and accountability for the way our business services and supports advisers."
She added: "Russell's appointment will ensure we are at the forefront of driving organisational and broader industry change."
Mr Hannah returns to MLC after working two years for BT Financial Group as its state manager for NSW and ACT. He also previously held roles at Aviva and ING Australia.
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