A former BT state manager has returned to MLC to take up the role of GM for retail advised insurance sales, as the business transitions into a standalone life insurer.
In a statement, NAB-owned MLC said it has appointed Russell Hannah to the newly created position. 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.
MLC's 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, according to his LinkedIn profile. He also previously held roles at Aviva and ING Australia.
NAB announced in October 2015 that it would sell 80 per cent of its life insurance business to Japanese life insurer Nippon Life. The bank retained ownership of its existing investment business, which includes superannuation, platforms, advice and wealth management.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Nov 2018Government sets $51m to pursue misconductBy Eliot Hastie
- 16 Nov 2018The financial advisers most people don’t read aboutBy James Mitchell
- 16 Nov 2018Clients expect advisers to understand their situationBy Eliot Hastie
- 16 Nov 2018Retirees hit hardest by franking credit changes, says FSCBy Sarah Simpkins
- 16 Nov 2018Trust in advice more important than everBy Stephanie Aikins
- 15 Nov 2018We’ll lose advisers through FASEA but it’s necessaryBy Adrian Flores
- view all