Willis Towers Watson has nabbed a former CBA remuneration head to fill its newly formed position of director of reward for Australasia, within its Human Capital and Benefits business.
Derek Berry has taken the role, set to join the company on 6 January. He will be held responsible for leading the development of board, executive and non-executive remuneration strategies, advising Willis Towers Watson clients across rewards.
Talent and rewards leader for Australasia Adam Hall said Mr Berry is a valuable addition to the team.
“Remuneration strategies, structures and processes are under intense scrutiny from regulators, shareholders and the community,” Mr Hall said.
“Derek’s depth and breadth of experience, especially in financial services, will be of immense value to clients across WTW looking to address the current questions around remuneration and the myriad of requirements for listed companies. We are excited at what he will bring to our team.”
Prior to this role, Mr Berry had worked at general manager, reward level across ASX 100 companies for the last eight years. He also has more than 20 years’ consulting experience in Australia and Asia.
He has also advised remuneration committees of several ASX 100 companies.
Most recently, Mr Berry was head of reward programs and general manager, performance and reward optimisation at CBA.
He was also a previous head of reward for Challenger and group manager, reward and policies, Downer EDI.
Mr Berry commented that avoiding problems with delivering the right rewards at the right time is rarely straightforward for organisations.
“It may appear simple, until you realise the breadth of views held by academics, employees, management and affected stakeholders,” he said.
“I am excited to be joining WTW, a global leader in rewards consulting, so we can help Australian clients and grow the business. The company’s breadth and depth of capability provide an excellent base for the fascinating process of deciding on the best available approach, through uncovering the relevant perspectives on performance, pay and benefits.”
Mr Berry will be based in WTW’s Sydney office.
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].