IOOF appoints Independent Director

Andrew Bloore
ANDREW BLOORE
Insignia Financial Ltd - Director - Independent
APPOINTMENT
INSIGNIA FINANCIAL LTD
Date: September 2019
Position: Director - Independent

IOOF has announced the appointment of Andrew Bloore as an independent board director, effective 2 September 2019.

Since November 2018, Bloore has served on the boards of three IOOF subsidiaries - IOOF Investment Management Ltd, Australian Executor Trustees Ltd and IOOF Ltd - and, according to IOOF, has played an "integral role in enhancing governance and the meeting of the APRA licence conditions applicable to those businesses."

Bloore has experience in designing, building and selling a number of businesses, including super admin businesses Smartsuper and SuperIQ, and software design business Class Super. IOOF chair Allan Griffiths said that Bloore's appointment will ensure that the IOOF board "continues to develop its technology and distribution skill sets."

IOOF aims to appoint a further board director "in the near future" and will appoint an independent successor to Bloore on the boards of IOOF Investment Management Ltd and IOOF Ltd.

In other news, the firm has announced it has appointed Renato Mota as group chief executive officer, effective immediately. Mota has also joined the IOOF board as managing director.