Nick Sherry to chair FNZ Australia
Former minister for superannuation Nick Sherry has been appointed chairman of FNZ Australia (FNZ).
The FNZ appointment comes two weeks after Ernst & Young announced Sherry's new role as a senior adviser to its superannuation practice.
Sherry revealed on 12 December 2011 that he would retire from politics at the next Federal election. He later brought forward his retirement, serving his last day in Parliament on 1 June.
The chief executive of UK-based FNZ, Adrian Durham, acknowledged Sherry's 25-year involvement with Australia's financial services and superannuation system.
"He has been a substantial contributor to the development of the Australian superannuation system and we are pleased he accepted our invitation to chair the Australian board," he said.
"His appointment … to the Australian board is an integral part of the upgrading of FNZ's presence in this market and reflects the importance we place on it," Durham added.
He also announced the appointment of Martin Jennings, current managing director of FNZ Australia and New Zealand, as "chief executive of our Australasian operations".
"Martin has played a large part in building the business over the past year, helping give FNZ Australia the base on which to grow the business in the coming years," Durham said.
FNZ provides technology and administration services to financial institutions in the platform and wealth management sectors.
Recommended for you
With more and more advisers setting up their own practices, recruitment firm people2people has shared how employers can successfully attract new hires and help their existing staff thrive in 2025.
The last year has seen a number of appointments and exits in the ETF space, particularly with C-suite roles.
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
