Insignia Financial (Insignia) has announced a number of recent appointments including the appointment of Anvij Saxena as chief risk officer (CRO).
The company has also made a number of internal promotions, with chief distribution officer Mark Oliver said to have moved into the role of head of superannuation, while Anne Coyne has been appointed chief member officer (CMO).
Mr Saxena, who has 20 years of experience in financial services, will lead the enterprise risk and compliance (ERC) team and will be responsible for embedding strengthened risk management and compliance into the organisation’s leadership.
Previously, Mr Saxena spent 10 years at the Commonwealth Bank of Australia, and most recently served as executive general manager for operational risk and CRO for the bank’s business support functions.
Speaking on the latest appointment, chief executive officer Renato Mota said: “We are pleased to welcome an executive of Anvij’s calibre to our leadership team. His valued expertise and deep industry knowledge will help further enhance our risk and compliance culture, as we continue to strengthen how we sustainably deliver what matters to our clients and members.”
Reflecting also on Mr Oliver’s additional responsibilities and Ms Coyne’s recent appointment, Mr Mota said: “With Mark’s additional responsibilities, we now have greater clarity and connection with the trustees, and in addition, Anne’s wealth of experience and expertise provides a strong voice from the trustees into the organisation, focusing on the delivery of quality outcomes for members.
“At Insignia Financial, we are committed to good corporate governance practices. We are focused on continued investment into our three lines of defence as we uphold our risk management frameworks for the benefit of our stakeholders.
“We remain dedicated to the continued delivery of improved client and member outcomes and the ability to operate in the best financial interests of beneficiaries,” he concluded.
Last month, Insignia Financial revealed its funds under management and administration (FUMA) increased by 2.2 per cent or $6.2 billion in the third quarter of the financial year to $291.3 billion.