AIA Australia’s Mu joins FSC board


Recently-appointed AIA Australia chief executive, Damien Mu, has been elected to the board of the Financial Services Council (FSC).
Mu’s appointment was confirmed by the FSC chairman and chief executive Schroder Investment Management, Greg Cooper.
Mu will sit as one of two insurance industry chief executives on the board.
The FSC Board now comprises:
Chairman: Greg Cooper - CEO, Schroder Investment Management Australia Limited
Co Deputy Chairman: Brad Cooper - CEO, BT Financial Group;
Co Deputy Chairman: Geoff Lloyd -CEO and MD, Perpetual Limited;
Directors:
Brian Benari - MD and CEO of Challenger Limited;
Pauline Blight-Johnston − Group Executive of Insurance and Superannuation, AMP;
David Bryant: CEO & CIO of Australian Unity Investments;
Robin Burns - MD, Equity Trustees Limited;
Andrew Hagger - group executive, NAB Wealth and CEO MLC Limited;
John James - MD and Chairman of Vanguard investments;
Brett Jollie - MD, Aberdeen Asset Management Australia Limited;
Damien Mu −CEO of AIA Australia Limited;
Annabel Spring - Group Executive, Wealth Management, Commonwealth Bank of Australia;
Geoff Summerhayes - CEO Suncorp Life; and,
Maria Wilton - MD, Franklin Templeton Investments Australia Ltd.
Recommended for you
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
New Zealand’s financial regulator is following the footsteps of its Tasman neighbours and proposing to conduct a review on improving the accessibility of financial advice and advice business models.