Resolution Life Australasia announces leadership shake-up

Resolution Life Australasia's leadership team will be shaken up for 2023.

The company has confirmed that current CEO Megan Beer will take on the COO role of Resolution Life Group in London next year as part of the planned succession for the retirement of John Hele who will continue on as President and COO until July 2023.

Taking over as CEO of Resolution Life Australasia from February 2023 will be Tim Tez, who is currently the CEO of Medical Indemnity for Avant Mutual and previously worked at AIA.

Mr Tez will bring over 20 years' experience to the position.

“We are pleased with the development of the Australasian business and are certain that with Tim’s expertise, experience, and leadership, Resolution Life will continue to grow as the leading in-force specialist life insurer in Australasia," Resolution Life Group executive chairman and founder, Sir Clive Cowdery said.

"I would like to thank Megan for the outstanding job she has done in successfully overseeing the transition from AMP to Resolution Life. We appreciate her willingness to take on greater responsibilities in our global organisation and look forward to her move to the new role.

"I would also like to take the opportunity to thank John for his leadership during these last years of rapid growth for Resolution Life.”

The moves come after Resolution Life Australasia severed ties with AMP last month.

On 29 June, AMP completed the divestment of its remaining 19.13 per cent equity interest in Resolution Life Australasia to Resolution Life Group, initially announced on 3 November 2021.

AMP Life was originally sold to Resolution Life Group in 2020 for a consideration of $3 billion, including the equity in Resolution Life Australasia.

Resolution Life Australasia confirmed that since acquiring the majority interest in AMP in 2020, it has been focused on establishing its Australasian platform and transforming the business to become more data-driven, digital and customer-focused.

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.

Neil is also the host of the ifa show podcast.