POWERED BY MOMENTUM MEDIA
John De Zwart departs as TAL CFO
Life insurance provider TAL (formerly Tower Australia) has announced the departure of John de Zwart as chief financial officer (CFO) amid a period corporate change.
De Zwart held the role of CFO from 2003 onwards, including the period 2005-2006 when Tower Australia was listed on the Australia Securities Exchange (ASX) and officially separated from Tower Limited.
TAL has grown considerably in life insurance premiums since De Zwart first took on the position of CFO. It was Australia's only specialist ASX-listed life insurance company, the life insurer stated.
TAL listed on the ASX in late 2006 valued at $500 million. The Dai-ichi Life Limited acquisition announced at the end of 2010 valued the company at approximately $1.7 billion, a very significant growth rate especially through the global financial crisis, the company stated.
"As CFO, John overviewed TAL being a listed public company through to it becoming a wholly-owned subsidiary of Dai-ichi Life in 2011," TAL added.
TAL managing director Jim Minto also credited de Zwart with playing a key role in the success of the life insurer over the past few years.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
