Rice Warner has announced two key changes to its leadership team, with Michael Rice stepping down as chief executive to focus on public policy initiatives and a few key clients.
He would be replaced by Willis Towers Watson’s head of Australasia, Andrew Boal, effective immediately, in what the company said was a “smooth succession plan”.
“I have known and respected Andrew for many years. I am delighted that he has chosen to take this role. At a time of industry turmoil and rapid change, Rice Warner will be well positioned to continue to support our clients with Andrew at the helm,” Rice said about his successor.
Rice would remain an executive and board member of Rice Warner.
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.