MLC Life Insurance has made two senior appointments, Lesley Mamelok as general manager, finance and deputy chief financial officer (CFO), and Robert Baillie as general manager, capital management and corporate finance.
Mamelok would oversee the financial management and control of MLC Life Insurance, which included the areas of expense management, investment control, tax, financial accounting, and reporting.
She had worked in Australia and the UK and was formerly the CFO for Integrity Life, and for the past year had also been the company’s acting chief executive.
Prior to this, she held various positions with AMP for over 14 years, which included being CFO for AMP Bank and she continued to be a non-executive committee member of AMP Capital.
Baillie would be responsible for the overall capital management of MLC Insurance, which included the areas of treasury, corporate finance, business planning and reinsurance strategy.
He was a qualified actuary with over 30 years’ life insurance experience in Australia and overseas, primarily with global insurance groups.
He had extensive experience in capital management and asset liability management.
Prior to joining MLC Life Insurance, Robert was the head of actuarial (capital and ALM) at TAL since 2015.
Both would report to CFO, Kent Griffin, who said the appointments would help strengthen the company’s goal to be sustainable in the long-term.
“They are talented individuals and have a wealth of experience in the life insurance industry, which will be invaluable in supporting our strategic direction,” Griffin said.
“Our sector is undergoing significant change. We are bringing in the right expertise to help us navigate these challenges and continue to deliver on the promises we make to our customers and business partners.”