MLC gains board member
MLC Life Insurance has appointed David Stephen to the board of MLC Ltd as an independent non-executive director.
He would also chair the risk committee, replacing Andy Cornish who left the firm after seven years on the board.
Stephen had over 35 years experience in financial services including time at Westpac, ANZ Bank and Royal Bank of Scotland.
He had also sat on the board of the International Financial Risk Institute and the Financial Services Institute of Australasia (FINSIA).
MLC Ltd chairman, Peter Grey, said: “I am pleased to welcome David to the MLC Ltd board. He is one of the most experienced risk professionals in financial services and this experience will be a great asset for us as we execute the next phase of our business strategy.
“I also want to thank Andy for his considerable service to the board since the acquisition of MLC Life Insurance by Nippon Life. He has played a critical role in the transformation of MLC Life Insurance to a standalone life insurer and leaves us well placed for future success.”
Stephen said: “I look forward to contributing my financial services and risk management experience to the board and the organisation as MLC Life Insurance seeks to achieve its ambition of becoming Australia’s leading and most trusted life insurer.”
AUTHOR
Laura Dew
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