Australian life insurer MLC Life Insurance has made two senior appointments to its finance team.
Lesley Mamelok has been appointed general manager, finance & deputy CFO while Robert Baillie takes on the new role of general manager, capital management & corporate finance. The pair will report directly to CFO, Kent Griffin.
Mamelok, who has worked in the finance sector both in Australia and the UK, will oversee the financial management and control of MLC Insurance, including the areas of expense management, investment control, tax, financial accounting, and reporting.
She was previously the CFO at life insurer Integrity Life, and for the past year has also been the company’s acting chief executive officer. She has also held various roles at financial planner AMP for over 14 years, including as CFO for AMP Bank. She continues to be a non-executive committee member of AMP Capital.
Baillie will be responsible for the overall capital management of MLC Insurance, including treasury, corporate finance, business planning and reinsurance strategy.
He is a qualified actuary with more than 30 years’ life insurance experience in Australia and overseas, primarily with global insurance groups and has extensive experience in capital management and asset liability management. Before joining MLC Life Insurance, he was the head of actuarial (Capital & ALM) at TAL since 2015.
Commenting, Griffin says the appointments will help strengthen the company’s goal to be sustainable in the long term.
“I’m delighted to welcome Lesley and Robert to our team. They are talented individuals and have a wealth of experience in the life insurance industry, which will be invaluable in supporting our strategic direction. Our sector is undergoing significant change. We are bringing in the right expertise to help us navigate these challenges and continue to deliver on the promises we make to our customers and business partners.”
