Former Zurich Australia investments director and executive manager Matthew Drennan has rejoined the company, taking on the newly created role that will see him assume responsibility for the development and implementation of Zurich Australia’s investment strategy, according to a statement.
Mr Drennan spent nine years at Zurich between 2003 and 2012, during which he held the roles of director of investments and executive general manager, investments.
Most recently, he was group head of research and portfolio construction at IOOF, and before that was chief investment officer at SFG Australia and a principal at Clarence Advisory.
Commenting on the appointment, Zurich Life and Investments chief executive Tim Bailey said the firm was “very pleased” to welcome Mr Drennan back to Zurich.
“He will be a tremendous asset to the Zurich executive, and our business as a whole, in providing a combination of deep expertise and external market intelligence, along with excellent fund manager relationships,” Mr Bailey said.
“Having dedicated executive team focus for the investments business has become increasingly important as we look to develop this part of our business, alongside our growing risk portfolio.”
Mr Drennan will commence the role at the start of March.
