Allianz Retire+ has recruited a Colonial First State head of super to lead its institutional solutions division, as the company signals its strategy for the segment.
Fintan Thornton has taken the role head of institutional solutions with the group, where he will be held responsible for developing its partnerships and solution design for the institutional segment of the investment market.
Allianz Retire+ chief executive Matt Rady said he believed the company could play an important role in helping superannuation trustees during industry reforms.
“We are entering a new era in the delivery of a more robust retirement income system,” Mr Rady said.
“With the upcoming retirement income covenant, there is finally a sharper focus on the development of a more sustainable framework. It’s pleasing to see several progressive trustees seeking innovative ways to meet the post-retirement investment challenge.
“Fintan’s appointment underpins a growing interest in our capabilities, and his wealth of relevant experience means he is extremely well placed to deliver for our partners.”
Mr Rady also said Mr Thornton would play a role in aiding institutional investors to develop retirement income strategies.
He has joined the group from Colonial First State, where he was head of superannuation, and previously head of strategy and implementation.
Mr Thornton’s previous experience has also included head of employee superannuation at CBA, director of actuarial, Russell Investments and retirement practice actuarial consultant, Willis Towers Watson, UK.
“Fintan brings to Allianz Retire+ specialisation in longevity risk solutions and his technical expertise will be incredibly valuable to our partners in tailoring superior longevity solutions that meet the complex fiduciary challenges faced by super funds today,” Mr Rady 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.
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