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FNZ Australia appoints former minister Nick Sherry as chair

FNZ Australia has appointed former Australian senator and minister for superannuation Nick Sherry as chairman and former Axa Elevate managing director Martin Jennings as chief executive of Australasian operations.

Sherry, who resigned from the senate in June, was Australia’s first superannuation minister between December 2007 to June 2009.

FNZ UK chief executive Adrian Durham says: “Nick Sherry has more than 25 years’ involvement in the Australian superannuation and financial services sector with a vast range of experience with all aspects of the Australian system, including chair of the senate committee on superannuation and was Australia’s first minister for superannuation and corporate law.

“He has been a substantial contributor to the development of the Australian superannuation system and we are pleased he accepted our invitation to chair the Australian board.”

Sherry says: “I look forward to chairing the Australian entity of a world leading financial services platform provider.”

FNZ Australia has also promoted Australian and New Zealand operations managing director Martin Jennings to the board as chief executive of the firm’s Australasian operations.

Jennings was Axa Elevate managing director between September 2010 and May 2011.

Durham says: “Martin has played a large part in building the business over the past year, helping give FNZ Australia the base on which to grow the business in the coming years. As part of this growth we anticipate increasing the number and range of staff in FNZ’s Sydney headquarters.”

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