Metlife names interim Australian CEO
MetLife Insurance Limited has appointed an interim chief executive in Australia to cover the period following the looming departure of Marc Lieberman.
The big insurer announced today that its head of employee benefits, Asia, and former AIA staffer Damien Green would take on the additional role of interim CEO of the Australian business, reporting to Nirmala Menon, head of designated markets and health, MetLife, until a successor is found.
The MetLIfe announcement said Green had previously served as AIA's CEO of group corporate solutions in Hong Kong as well as CEO for AIA in Australia before joining MetLife in his current role.
The company said Green had more than 10 years' of insurance industry experience, considerable expertise in group insurance and an in-depth knowledge of the Australian market.
Confirming the interim appointment, Menon said Australia was an important market for MetLife and that she was confident Green would work hard to ensure a smooth transition.
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.
