Allianz Retire+ appoints leads for new strategy

Yasmine Raso

Senior Journalist, Financial Newswire

27 September 2022

Allianz Retire+ has made three appointments to the executive team that will be responsible for its new strategy to support its pipeline of revamped retirement solutions and products.

Andrew Stewart has been named the new Head of Distribution Wealth, Malcolm Weir as Head of Life Protection and Jasmine Jirele, North America CEO of Allianz Life Insurance Company, has joined the Allianz Retire+ Board.

“Our vision is clear, we are committed to delivering flexible retirement solutions to superfunds, platforms and advisers,” Adrian Stewart, Allianz Australia Life Insurance chief executive.

“These new appointments at the executive and Board level will support our strategic reset in delivering better outcomes for all Australian retirees.”

“Andrew has in excess of 28 years in distribution experience and brings with him deep relationships with the financial planning community. Andrew deeply understands the needs of planners and advisers. His experience and extensive network align to our refreshed distribution approach to deliver next generation retirement income solutions on platform.

“Malcolm’s experience within life protection and insurance as the General Manager, Life Customer Solutions for CommInsure and most recently Head of Insurance at NobleOak, will be vital in guiding the business to achieve our renewed objectives. He brings 25 years of deep actuarial expertise and senior leadership.

“Jasmine brings a wealth of experience building and leading Allianz’s retirement business in the US. We welcome her knowledge and expertise in pioneering products that are tried and tested in a more mature market like the US.”

The new appointments come after the firm spent the past 12 months overhauling its operations and business functions to develop and strengthen its product capabilities, through investing in technology and retirement solution infrastructure.

“As one of the only dedicated retirement specialists in the Australian market, we are committed to leading development in the retirement space,” Stewart said.

“We have invested in world class retirement technology and administration services to deliver products with cutting edge platform integration and flexibility to address the needs of retirees. We have also hired product actuarial capability and product marketing specialists to realise our vision.”