Aon NZ general manager, Janet Hayden, has been made redundant following a restructure at the actuarial consulting firm.
In a note to clients Hayden, who also acted as Aon Pacific head of retirement and financial management, says her “role at Aon has been disestablished so I am no longer available”.
It is understood the move was triggered by Aon’s exit from the superannuation and KiwiSaver administration business last year, which reduced her workload.
Aon NZ transferred the remnants of its admin arm – which at one time serviced 60 schemes in the NZ super and KiwiSaver markets – to ASX-listed Link last year. Ultimately, just a handful of schemes shifted to Link, including the Aon super master trust and KiwiSaver fund, in a transition that completed early this year.
According to the Aon KiwiSaver annual report, in the wake of the Link transition the group ditched the role of operations manager with incumbent, Christel Hoy, leaving the business at the end of January this year.
“Greg Lee, manager retirement and financial management, was replaced by Simon Ferry in May 2017,” the Aon KiwiSaver report says.
Ferry joined Aon from the Mercer Hong Kong office where he served as retirement leader from July 2013 until January this year. Long-time Aon principal, Lee, now runs his own actuarial consulting business.
Despite losing her executive position it is understood Hayden will retain director duties with Aon. She is currently listed as director of the Aon KiwiSaver and super master trust nominee firms, which have about $430 million and $190 million under management respectively.
Aon was not available for comment.