Risk management firm Aon has boosted its Asia Pacific management team with the appointment of Vic Pannuzzo as managing director of Aon Captive and Insurance Management, based in Singapore.
He has also been appointed to the board of Aon Captive and Insurance Management for the region.
Pannuzzo comes to the position from insurance broker Marsh, where he led the captive management and advisory services team in Singapore.
Asia Pacific regional managing director for Global Risk Consulting, Paul Johnson, said Aon believes there is a greater role for captives to play in the risk management area, hence Panuzzo's appointment.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.