In a statement, Pimco announced that it had appointed new board members and a new chief executive to its new joint business, Allianz Retire+ Powered by Pimco.
Allianz announced the launch of the new business in Australia with subsidiary Pimco in mid-May.
Mr Ripoll will join Allianz Retire+ as an independent non-executive director, alongside Patria Mann and David Plumb, who will be chairman.
Former IRESS group executive for financial markets Matthew Rady has been appointed as chief executive of Allianz Retire+, while Adrian Stewart transitions from interim chief executive to board member.
Commenting on the appointments, Mr Plumb said, “The board includes diverse attributes that will enable it to oversee and guide management – deep financial and commercial acumen and a strong mix of skills and industry experience.”
Mr Ripoll was a member of the Parliament from 1998 to 2016 and sat on many joint parliamentary committees as chair or deputy chair. He serves as a non-executive director for a number of companies and not-for-profit organisations, and is a director and chairman at MapMyPlan.
Before joining IRESS, Mr Rady was at Macquarie Group for 18 years in senior roles such as head of banking and financial services for North America and head of Macquarie global investments.
Mr Stewart is head of Pimco Australia and New Zealand and has previously held senior roles at Macquarie Group, Challenger Financial Services and Asgard Capital Management.
Ms Mann is a former KPMG partner and brings 14 years’ experience in superannuation, audit, investigation, risk management and governance experience to the role.
dodgy politicians. SICK OF THEM
Completely agree 100% with these comments.
How long does “Ex- MP Bernie” want to string out the image of him standing in front of Parliament House and how long does the media want to continue boring us to death with constant referral to him as though he was some regulatory messiah. He retired in 2016 and was a union “organiser” and an ex-electrician with a marketing degree. I don’t see anything in that would have given him any credence in designing financial services legislation on any level and quite frankly stuffed it completely.
For goodness sake, he has continually put his marketing skills to good use as a consistent self promoter ever since and it is simply monotonous and mind numbing.
I have seen him speak on a couple of occasions and fell asleep.
Enough reporting on this individual.
Who really cares. He contributed to stuffing up financial planning as a profession and is now on the board positions gravy train as well as getting his parliamentary salary. Don’t want to hear anymore about him
I really do not understand why IFA keep reporting on the post parliament career of this man. Like all politicians this industry has ever dealt with, he made the noises he thought were required, then devised solutions which favoured others. Enough already-we know the story !!