Fidelity Life Assurance Company Limited (“Fidelity Life”) recently announced the appointment of Simon Pennington as Chief Financial Officer following a search conducted by SEQEL Partners.

Simon has spent the last eight years with ANZ Bank in New Zealand in Head of Finance roles across the Wealth and Institutional divisions. His early career was focused on tax in the United Kingdom before relocating to New Zealand in 2001 and joining Deloitte. He moved to AMP Financial Services in 2005 as the tax function Lead, before quickly being promoted to Financial Controller, and then to Chief Financial Officer.

Fidelity Life New Zealand’s largest locally owned life insurance provider for individuals, business and employers. The company is a public unlisted entity, with a Trust of the founder shareholders still maintaining a substantial interest, and having representation on the Board. The Company has, however, recently been through a substantial recapitalisation in which the New Zealand Super Fund has become a cornerstone investor taking a 41.1% share. 

Simon joins Fidelity Life in late July.