Allianz Retire+ looks to insto partnerships

Allianz Retire+ is making movements to the institutional market, appointing Fintan Thornton as head of institutional solutions.

In the newly-created role, Thornon will develop partnerships and solution design for the institutional segment of the Australian retail market.

"We are entering a new era in the delivery of a more robust retirement income system," said Allianz Retire+ CEO Matt Rady. "With the upcoming retirement income covenant, there is finally a sharper focus on the development of a more sustainable framework. It's pleasing to see several progressive Trustees seeking innovative ways to meet the post-retirement investment challenge."

Thornton joins Allianz from Colonial First State where he was the head of superannuation, distribution. He was previously the head of employee superannuation at CBA and the director of Russell Actuarial at Russell Investments.

"Fintan's appointment underpins a growing interest in our capabilities, and his wealth of relevant experience means he is extremely well placed to deliver for our partners," said Rady.