Former Pillar CEO joins Managed Accounts board

Former Pillar Administration chief executive, Peter Brook has been appointed to the board of publicly-listed discretionary account operator, Managed Accounts Holdings

The company announced the appointment to the Australian Securities Exchange (ASX) saying it would bolster the strength of the board as the company embarked on the next stage of its growth strategy, including an ongoing push into the retail personal super sector, over the next year.

Commenting on his appointment, Brook said his experience at Pillar had made him highly attuned to the changing needs of investors and the way that technology could help deliver better outcomes.

"Managed Accounts understands these shifting dynamics and is empowering investors with a suite of unconflicted and open architecture solutions,” he said. "I’m excited to help the company on the next stage of its growth as it expands into retail personal super and beyond.”

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Managed Accounts chairman Don Sharp said the appointment would strengthen the board.

"Peter’s vast experience will prove a major asset to Managed Accounts as we embark on a range of new initiatives this year. His insights into technology, personal super, and engagement will be particularly valuable," he said.