Check out the latest movements and transitions within the industry so far this month.
IAG appoints Chief Risk Officer
IAG Managing Director and CEO Peter Harmer has announced the appointment of David Watts as IAG’s Chief Risk Officer, effective 11 September 2018.
Watts will join IAG from Westpac, where he was General Manager, Portfolio Integrity, reporting to the Chief Executive Officer of the Consumer Bank.
In his new role, he will be a member of IAG’s Group Leadership Team, reporting to Harmer.
Welcoming Watts to IAG, Harmer said: “David has a strong understanding of, and passion for, governance and risk. We look forward to him joining our team, and benefiting from his expertise.”
Watts has held a number of senior roles in risk and governance areas at Westpac, including Group General Manager – Regulatory & Governance, and Group General Manager, Enterprise Risk. He joined the bank in 2009 as Chief Risk Officer for Westpac Banking Group in New Zealand.
IAG appoints Group Executive Technology
IAG Managing Director and CEO Peter Harmer has appointed Mr Neil Morgan as Group Executive Technology effective immediately. In this newly created role, Morgan will report directly to Mr Harmer and join IAG’s Group Leadership Team.
As Group Executive Technology, Morgan will be responsible for implementing IAG’s technology strategy across the company. He was previously Chief Technology Officer in IAG’s Australia Division on a 12-month secondment from PwC.
At PwC Morgan led the firm’s Technology Strategy business in Australia. Prior to that, he spent over 10 years at Accenture, leading an industry team across the Asia-Pacific region to deliver technology and business-led transformations.
Harmer said Morgan’s appointment underscores the importance of technology to the future success of the business.
“Neil’s appointment to this new company-wide position recognises the critical role technology plays in driving our efforts to be a more agile organisation, and achieving our corporate strategy as we move from being a product-focused to a customer-centric business.
“With extensive experience in technology and business-led transformation, Neil will be a valuable addition to our leadership team,” Harmer said.
New CEO for Aon in Australia
Aon has announced a new CEO for their Australian business with current CEO Lambros Lambrou leaving the post to transition into “a broader role with the global business”, the firm said in a statement.
Lambrou will be replaced by James Baum, who currently holds the roles of managing director, commercial, as well as chairman of Aon Broking, Pacific.
Bill Hooper, currently chief financial officer and chief operating officer at Aon Pacific, will add new responsibilities to his current role in the wake of Lambrou’s departure, the firm also announced.
Hooper will represent the Pacific region on the global Aon Risk Solutions operating committee and will work closely with Baum as he transitions to his new role, the firm said.