New managing director at AMP SMSF

AMP has appointed Suncorp executive Natasha Fenech as the new managing director of AMP SMSF.

Fenech will join AMP in February from Suncorp where she is currently executive general manager, Personal insurance customer, product and pricing. She will report to Paul Sainsbury who was promoted to chief customer officer in April.

Sainsbury said Fenech’s appointment capped off a big year for AMP SMSF, which recently acquired SMSF administration business Supercorp.

“Natasha’s leadership and business experience will be invaluable during a period of growth and development for AMP SMSF,” he said.

Fenech has been with Suncorp for seven years in a variety of roles including executive general manager, Commercial insurance. Prior to that, she worked at Citigroup, A.T Kearney, Zurich Financial Services and Royal & SunAlliance.

 

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Trustee-for-hire model in trouble as EQT calls time on super and Diversa turns on Praemium

Trustee-for-hire model in trouble as EQT calls time on super and Diversa turns on Praemium

The ASX-listed parent company of Equity Trustees Superannuation Limited has confirmed it will divest its super trustee-for-hire business in the aftermath of the $1 billion Shield and First Guardian collapse. Diversa Trustees, which is being sued for onboarding First Guardian, is seeking compensation from Praemium should it be ordered by the court to remediate investors.

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