Ex-ASIC commissioner Danielle Press to chair Insignia Trustees
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The news: Insignia Financial has appointed former Australian Securities and Investments Commission (ASIC) commissioner Danielle Press as chair and non-executive director of its superannuation arm Insignia Trustees.
The context: Press, who served as commissioner for the corporate regulator between 2018 and 2023, will join Insignia Trustees as a non-executive director from 19 September and commence as chair in November.
Press was previously CEO at The Myer Family Company, CEO at Equipsuper and managing director at UBS Global Asset Management.
She will replace Lindsay Smartt who has decided to step down after five years with the organisation.
Insignia Trustees comprises IOOF Investment Management, NULIS Nominees (Australia), OnePath Custodians and Oasis Fund Management. Collectively these entities are responsible for five registrable superannuaction entities including MLC Super and AvWrap.
What they said: "We're excited to welcome Danielle," Insignia Financial chair Allan Griffiths said. "She brings a wealth of industry knowledge and an unwavering commitment to driving outcomes for members."
"Danielle’s appointment also highlights our ongoing focus on and commitment to uplifting our risk governance culture," he said.
Press said: "I genuinely believe in the power of Australia's superannuation system and what it can deliver for members in retirement".
"I'm honoured to be joining Insignia Financial at such a transformational time for the organisation, and committed to helping drive member outcomes," she said.
The source: Insignia Financial media release
