Hon Bernie Ripoll joins the Allianz Retire+ board

Allianz Retire+ Powered by PIMCO (Allianz Retire+), a retirement income firm recently launched as a joint venture by Allianz and PIMCO, has announced the appointment of the Hon Bernie Ripoll as an independent board director.

Ripoll served in the Australian Parliament from 1998 to 2016 in both government and opposition roles. In opposition, he served in several shadow minister roles including Shadow Minister for Financial Services and Superannuation. He also chaired the Parliamentary Joint Committee on Corporations and Financial Services delivering the "Ripoll Report" that led to the Future of Financial Advice (FoFA) legislative reforms.

He is currently a director of not-for-profit Inala Primary Care and Crohn's and Colitis Australia; director of the Finance and Energy Exchange; director and chair of Utilitas; and director and chair of MapMyPlan.

Ripoll will join fellow new appointees on the Allianz Retire+ board: David Plumb, who will serve as chair; Patria Mann; and Adrian Stewart, head of PIMCO Australia and New Zealand, who is transitioning from interim CEO to board member following the appointment of new CEO, Mathew Rady.

Plumb said that the board includes "diverse attributes that will enable it to oversee and guide management - deep financial and commercial acumen and a strong mix of skills and industry experience."