Allianz Retire+ forms board

Allianz Retire+ Powered by PIMCO has appointed Matthew Rady as its new chief executive officer and Patricia Mann, David Plumb and Bernie Ripoll as independent non-executive directors.

The appointments follow the launch of Allianz Retire+ as a business combining Allianz’s global life insurance business with PIMCO’s global investment management experience.

Rady would assume his role immediately and be responsible for leading the business in Australia, including launching its first retirement income product later this year.

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The current acting interim CEO, Adrian Stewart, would become a non-executive director of the board.

Rady has over 25 years’ investment and financial services experience across big industry names like IRESS, Macquarie Group and Stake.

Plumb and Mann are currently non-executive directors of BT Funds Management and Allianz Australia respectively, and Ripoll served in the Australian Parliament for 18 years in both government and opposition roles.

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