MLC Life names investment chief

MLC Life Insurance has appointed an executive who will take on the twin roles of chief investment officer and deputy finance chief.

Hiroyuki Endo, who was most recently the general manager of the separate account investment department for Nippon Life Insurance, will relocate to Australia to take up the new job.

He will also join the life insurance leadership team.

Endo will replace Yosuke Nakano, who will leave the Australian business to head up Nippon Life's global business planning department in India.

The incoming investment head began his career with Nippon Life in 1995 and has held several senior roles within the insurance giant, including chief manager of the cash management department and deputy general manager of the investment risk management unit.

"The appointment is a sign of the critical, close working relationship between Nippon Life Insurance and MLC Life Insurance, and the commitment Nippon Life has to the success of our business," said MLC Life chief executive Kent Griffin.

Nippon Life director and managing executive officer Minoru Kimura added that MLC Life was core to the Japanese insurer's international growth strategy.

"We are delighted Endo-san will be able to bring his significant depth of experience to MLC Life as part of our long-term partnership,' he said.

Kimura thanked Nakano for his dedicated service over many years and wished him the best in his new role in India.

MLC Life Insurance is a part of the Nippon Life Insurance Group and its largest international insurance business.