Matthew Drennan leaves Zurich role
Matthew Drennan's role as executive general manager investments at Zurich has been made redundant in what the company called an internal restructure of the business.
Drennan's redundancy is a result of the merging of executive general manager roles of life and investment divisions, according to Zurich's chief executive, life and investments, Colin Morgan.
However, Morgan said the company's senior management is currently working with Drennan to explore other opportunities within the group.
"Zurich has made its growth intentions in the Asia-Pacific abundantly clear, as evidenced through our recent acquisitions in the region," Morgan said. "Matthew has developed a very talented pool of investment expertise within the business, and in doing so Zurich is in an extremely strong position for continued success."
In other moves, former general manager sales and marketing, Philip Kewin, has been promoted to the role of general manager, retail life and investments.
Stephen Latham will become life and investments chief operating officer when current COO Chris Rutherford retires, while Richard Dunkerley moves to head Zurich's marketing division.
Morgan said the changes would allow the business to accelerate its transition from a product manufacturing focused organisation to a "genuinely customer driven provider of innovative financial solutions".
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
