MLC Wealth adds to executive leadership team

Executive Move


MLC Wealth has announced the internal appointment of Garry Mulcahy to the firm's executive leadership team as group executive, asset management, effective September 2019.

Mulcahy was most recently acting in the role of executive general manager (EGM), super and solutions leading the asset management, product & platforms, corporate super, wealth strategy, separation, product enablement and digital, communications & marketing teams. Prior to this, he was EGM asset management for nearly ten years.

He is joined on the MLC Wealth executive leadership team by fellow new internal appointee, Tim Steele, who assumes the role of group executive, retirement & investment solutions.

Chief executive officer of MLC Wealth, Geoff Lloyd said the appointments build on the business’ momentum as it moves towards separation from the NAB Group.

“When I announced our new strategic intent and operating model in March, I committed to putting a strong and experienced leadership team in place that would lead and drive the transformation and growth of our four business pillars of Advice, Platforms, Asset Management, Retirement and Investment Solutions.

Lloyd said that Mulcahy and Steele's appointments are the result of an extensive internal and external search and follow three other executive appointments made earlier this year: Mark Baxter, as chief risk officer; Kylie Smith, as chief client digital & marketing officer; and Shenaz Waples, as chief human resources officer.

“Both Tim and Garry bring highly regarded leadership and market expertise to the executive team, and I’m thrilled to have been able to appoint two leaders from our strong pool of internal talent, as well as being able to attract high calibre external talent with the other recent appointments, Mark, Kylie and Shenaz."

Lloyd confirmed five positions remain on the ten-strong MLC Wealth leadership team, with further appointment announcements expected over the coming months.


September 2019

Acting EGM, Super and Solutions - MLC Wealth



September 2019

Group Executive, Asset Management - MLC Wealth


News reports on this move

Financial Standard