(Sydney Opera House. Photo credit: Hai Linh Truong.)
MetLife (New York) has named Richard Nunn as its next Chief Executive Officer in Australia, effective 1 May 2019. Vince Watt, MetLife Australia’s Chief Financial Officer, will continue as Acting CEO until Nunn assumes the role in May.
Nunn is currently the CEO of Statewide Super, a leading superannuation (retirement) fund based in South Australia and one of MetLife Australia’s longest standing clients. He has over 30 years’ financial services experience across wealth management—including life insurance and retail advice—and banking in Australia and Asia more broadly.
“We’re delighted to welcome Richard to MetLife,” comments Geoff Brunsdon, chairman, of MetLife in Australia. “His deep financial services experience and proven ability to deliver growth make him a great fit for MetLife.”
“MetLife continues to gather momentum in Australia, recently expanding into the retail market and winning the multi-million dollar Tasplan tender,” Brunsdon continues. “I am confident Richard will continue to build on that momentum and deliver our vision of giving people the fastest, easiest and most caring life insurance experience.”
Expansion into Retail Life Insurance
MetLife is the third largest group life insurer in Australia, protecting 2.6 million lives. The company has recently expanded into the retail life insurance through financial advisers. MetLife has been a specialist provider of life insurance in Australia since 2005.
Among the organizations that Nunn worked for prior to joining Statewide are NAB, Commonwealth Bank of Australia (CBA), IOOF and AXA, across a range of management roles and geographies. Nunn will relocate to upon assuming the MetLife CEO role in May.