HESTA nabs AMP’s risk & compliance chief

HESTA has appointed veteran risk leader Tim Pietsch to serve in a senior compliance role.

As HESTA’s new general manager of compliance, Pietsch will take on a “critical” role in enhancing the business’s compliance framework and practices.

Pietsch joins HESTA from AMP, serving three-and-a-half years with the financial services group, most recently as head of risk and compliance for superannuation, retirement, and platforms.

Prior to joining AMP, Pietsch notched up more than 15 years at National Australia Bank (NAB), in a variety of senior risk, governance, business planning, and operations roles. In his most recent role at the big four bank, he led a team in group-wide risk governance, risk appetite and reporting disciplines as head of risk governance, appetite and reporting.

Pietsch began his career as part of Goldman Sachs’ wealth management arm JBWere, based in Melbourne, as an industrial research analyst.

Welcoming the super fund’s latest senior appointment, HESTA chief executive Debby Blakey recognised Pietsch’s “invaluable” and extensive experience in financial services’ risk and compliance roles.

HESTA chief financial officer Natalie Kelly said Pietsch will play an “instrumental” role in shaping the super fund’s compliance strategy.