Iress appoints new chief for its super business

Leading wealthtech developer Iress has appointed wealth and super industry veteran and current Insignia product GM, Sam Wall, to lead its superannuation business.

Iress chief executive Marcus Price said Wall joins the wealthtech at an “important time for our superannuation business, as we reset our strategic priorities to drive improved performance and outcomes for our customers”.

Iress last year completed a company-wide restructure which included the launch of a dedicated superannuation business unit. Iress said the restructure, including five‑year strategic plans for each of the four new units, would deliver “[improved] accountability, performance and customer focus”.

Wall joins Iress from advice and super firm Insignia Financial, where he has served as general manager of master trust and insurance products for the last three years.

His role notably included oversight of Insignia’s MySuper, retail superannuation and investment products across multiple brands including MLC, Plum, ANZ Smart Choice, OnePath and IOOF.

He was also responsible for overall management of Insignia’s superannuation, investments and insurance teams.

Wall, prior to joining Insignia, also held senior roles at MLC Australia and Colonial First State.

Commenting on his latest senior appointment, Price recognised Wall’s “strong track record of leading transformational change within the wealth management industry, with considerable experience of the operating and risk environment within superannuation”.

“He brings extensive experience in designing and delivering market-leading superannuation offerings for the benefit of members, with a focus on simplification and operational efficiency.”

One of the higher-performing units of the business, Iress reported a 9% revenue bump for its super arm over FY2023, noting increased demand for consulting services, contract renegotiations and its underlying support for the Spirit Super and CareSuper merger.

Wall commences his new role on 9 September.