Ex Pillar boss joins Managed Accounts board


By Leanne Abbas

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The former chief executive of super administration provider Pillar has joined the board of listed managed discretionary account operator Managed Accounts Holdings Limited (MGP).

In a statement, the group said Peter Brook’s appointment aimed to strengthen the Managed Accounts board, which would provide guidance to the company as it undertook the next stage in its growth strategy into the retail super sector.

Commenting on his appointment, Brook said he was looking forward to supporting the company on its growth journey using the insights gained over his career so far.

“My experience at Pillar has made me highly attuned to the changing needs of investors and the way that technology can help deliver better outcomes,” he said.

“Managed Accounts understands these shifting dynamics and is empowering investors with a suite of unconflicted and open architecture solutions.”

Brook joined Pillar Administration in 2013 where he successfully led the company’s remodelling in the areas of technology, member service and its operating model.

Before working at the NSW government-owned administrator, Brook also took on executive roles at StatePlus, Challenger, MLC and Grant Thornton over a career spanning 40 years.

Managed Accounts chairman Don Sharpe said the appointment would strengthen the board and welcomed Brook’s broad expertise.

"Peter’s vast experience will prove a major asset to Managed Accounts as we embark on a range of new initiatives this year,” he said.

“His insights into technology, personal super, and engagement will be particularly valuable.”

Brook joins Managed Accounts at a crucial time as it looks to roll out a new retail super offering to 13 licensees, as well as implementing a new user interface and middle office solution in conjunction with fintech firm CapitalRoad.

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