POWERED BY MOMENTUM MEDIA
Zurich taps Summerhayes for chair role
Former Australian Prudential Regulation Authority (APRA) board member, Geoff Summerhayes, has taken over as chair of Zurich Financial Services Australia.
He was a former executive board member at APRA, chief executive of Suncorp Life and chief executive of MLC Superannuation and Investments.
Zurich also announced Noel Condon and Mary Waldron as independent non-executive directors of Zurich and Nicolette Rubinsztein was appointed a director of Zurich Australia Insurance Ltd.
Summerhayes would also chair Zurich’s other related corporate entities, having previously served as an independent non-executive director on each of these boards since January 2022.
He said: "I am delighted and honoured to take on this new role. Zurich occupies a unique position as a composite – life and general – insurer and my focus as chair will be to continue to work with our executive team, led by chief executive Justin Delaney, as we evolve Zurich's proposition and operations for the benefit of our customers and employees”.
The appointments followed the resignation of chair, Paul Bedbrook, and non-executive director Elaine Collins at the end of 2022.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
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.
Bravura CEO Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
37.15 3 y p.a(%)
3
GAM LSA Private Shares AU I
33.96 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
29.68 3 y p.a(%)
5
Plato Global Alpha A
28.73 3 y p.a(%)
