Aberdeen Standard Investments (ASI) has hired a new Australian head of retirement and product strategy, with the firm intending to grow into a major retirement solutions provider.
Jason Nyilas has joined the company from EY, where he held a number of roles including wealth management executive and partner at its Australian arm.
He most recently played a part in developing the retirement framework for the Employees’ Provident Fund Organisation, the compulsory savings and retirement fund for private sector workers in Malaysia. During Mr Nyilas’ time at EY, he also advised on mergers and acquisitions, retirement, digital, wrap, blockchain and other areas in the wealth divisions of major banks and super funds.
ASI Australia managing director Brett Jollie said Mr Nyilas has extensive global experience in retirement, wealth management and digital solutions, and he would play a central role in growing the company’s presence in the Australian retirement income space.
“Mr Nyilas’ primary role will be to engage the market on retirement income needs and ultimately help provide retirement solutions for ASI clients,” Mr Nyilas said.
“We are keen to talk with, and listen to, local investors, government and regulators on how we can best meet Australia’s growing demand for sustainable retirement solutions.
“The appointment of a highly experienced retirement specialist with a global perspective will allow us to commence those conversations and take a leading role in shaping the provision of retirement solutions in Australia.”
Mr Nyilas has also previously worked for IBM as its global pensions leader, running a superannuation back-office business, IBM SuperLife, from 2006 to 2009.
ASI currently manages more than $900 billion of assets globally, and is part of the Standard Life Aberdeen Group. The parent company also owns Standard Life, an established pension brand in the UK.
“Jason’s knowledge and enthusiasm, coupled with our group’s United Kingdom pensions heritage, global investment capabilities and digital innovation, give us a unique suite of resources and insights to help tailor outcomes for industry, wholesale and individual retirement needs,” Mr Jollie said.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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