The future independent Chair of Acenda has been appointed with Craig Dunn having accepted the position.
Dunn’s appointment follows Nippon Life’s announcement last December that it will acquire Resolution Life subject to regulatory approvals.
Completion of the merger is expected to occur in the second half of this year, at which time the two entities will trade as Acenda and become one of Australia and New Zealand’s largest life insurance businesses.
See our report: Resolution Life Bought by Nippon Life
Current MLC Life Insurance Chairman Peter Grey will retire from the MLC Life Insurance Board upon completion of the merger.
Dunn is currently an Independent Non-Executive Director of the MLC Life Insurance Board, and will also Chair the Board Integration Oversight Committee responsible for overseeing the integration planning program before the completion of the transaction.
He has more than 30 years’ experience in financial services, serving as CEO of AMP from 2008 to 2013. He is also currently the Chair of Telstra Group, Redkite, and CMiMerryck, and is a Non-Executive Director of Lion.
