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.
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