IFS’ group risk kingmaker joins major client

Greg-Staunton-photo.gifThe director of group risk at Industry Fund Services Insurance Broking, Greg Staunton, has left the firm to take a senior position at a major superannuation fund and former client.

Staunton will start at AustralianSuper on December 5, in the role of senior insurance manager.

At IFSIB, Staunton was responsible for a team that provided consulting services to superannuation funds, including AustralianSuper. The team gave advice on contract reviews, tender management, service management, and pricing, and conducted performance monitoring for life and disability insurance contracts. 

Prior to IFSIB, Staunton spent 11 years working at Australian life insurance companies AXA and AMP.

At AustralianSuper, Staunton will report to general manager of insurance, Noel Lacey.


Lacey is also relatively new to his position; a few months ago he swapped roles with the previous GM of insurance, Greg Palmer, who is now fulfilling Lacey’s old role as the GM of administration. 

 

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Canada establishes new SWF amidst global push for nation-building investment

Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.

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