AAS poach staff to capitalise on market convergence

Australian Administration Services (AAS) has expanded its management team with the appointment of a new head of business development, chief information officer and manager of service delivery.

The new head of business development, Mike Turner, has left Pillar Administration to take up the role at AAS from the end of this month. The head of service delivery, Andrew Alcock, has already joined the administrator, from the Asteron financial services business, where he was general manager of wealth management. The new chief information officer is Tony Gold, who has joined AAS from Melbourne-based administrator Super Partners. Stuart Korchinski, the AAS chief executive, said the appointments reflected AAS’s commitment to continue to reinvest in the business, an important part of which was to get more people with different capabilities. He said that Turner, who had been with Pillar for three years and prior to that worked in investment administration, was well placed to help build the business. In the past, this tended to be done by the account managers. Korchinski said that the traditional markets for member administration were converging and Alcock’s new position would “nicely position” AAS across the developing sectors of corporate superannuation and retail masterfunds, as well as its traditional market of industry super funds. AAS is the largest administrator in Australia, with REST’s 1.2 million members representing the largest membership base of any super fund. In the new areas AAS has Zurich as a client, through the former Challenger Superannuation Services, and AMP’s Super Leaders.

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