12 July 2021
Sydney, Australia (July 12, 2021) – Allianz Australia Life Insurance Limited today announces it has appointed Adrian Stewart as Acting Chief Executive Officer.
Allianz Australia Life Insurance Limited appoints Adrian Stewart as Acting Chief Executive Officer
Mr Stewart will assume responsibilities for Allianz Australia Life Insurance Limited and Allianz Retire+ Powered by PIMCO (Allianz Retire+), taking over from Matthew Rady, who will be leaving the business.
Mr Stewart was formerly Head of Client Management, APAC ex-Japan for PIMCO and before that, Head of Australia and New Zealand for the firm. During his tenure at PIMCO, Mr Stewart founded Allianz Retire+ and has served as a Board Member since 2018.
David Plumb, Chairman of Allianz Australia Life Insurance Limited, stated:
"I would like to thank Matt for his strong leadership in guiding the Allianz Retire+ team through the successful transition from project to business across his three-year tenure. Matt leaves having built a solid platform for the company and we wish him every success in the future.
“In appointing Adrian as acting CEO, the Board is instilling a proven leader with a deep understanding of the worldwide capabilities of the Allianz Group in retirement income and life protection solutions. Adrian’s strong track record in growing client-focused financial services businesses in the Australian market keenly positions us for significant growth.”
Adrian Stewart commented:
“The unique capabilities across this business deploying the global resources of Allianz are unrivalled and present a significant opportunity in meeting the long-term retirement income and life protection needs of Australians.
“Since launch, the team has built a strong market presence and established key distribution channels. Our focus will be to continue this momentum, ensuring we offer our partners a broad suite of innovative and market-leading products.
“I look forward to working with the team to deliver on our strategic objective of expediting our product development capabilities and deepening our client partnerships across the institutional and wealth management channels.”
Mr Stewart brings over 28 years of investment and financial services experience to the firm. Before joining PIMCO in 2014, he was the head of wholesale distribution, marketing and product management at Macquarie during his seven years with the Australian bank.