Dee McGrath announces retirement from MUFG, Lombardo to lead
MUFG Pension & Market Services has announced the retirement of Dee McGrath, CEO of MUFG Retirement Solutions, effective 30 June 2025, and the appointment of Frank Lombardo as CEO, ANZ, MUFG Retirement Solutions.
Ms McGrath joined MUFG in 2019 and has been a pivotal figure in the company's growth and expansion into global markets such as the UK and Hong Kong. Her tenure has been marked by significant achievements that have bolstered MUFG's position in the retirement solutions market.
Reflecting on her tenure, Ms McGrath's contributions have been described as integral to MUFG's development. Her leadership has been key in navigating the complexities of the retirement solutions sector, enabling the company to reach new heights in various international markets.
As Ms McGrath prepares for her departure, the company has outlined that she will concentrate her efforts in the coming months on advancing MUFG Retirement Solutions' initiatives in the UK and Hong Kong. This period will also involve close coordination with Mr Lombardo to facilitate a smooth transition for the Australia and New Zealand branches.
Mr Lombardo's appointment to the newly created role is anticipated to enhance MUFG's ability to address specific challenges in the ANZ region. The role underscores a commitment to provide dedicated focus and tailored strategies to meet the demands of clients within Australia and New Zealand.
Bringing over 30 years of financial services experience, Mr Lombardo has a background that spans life insurance, superannuation, retirement, and banking sectors. His most recent position was as Chief Operating & Technology Officer at Insignia Financial, and he is set to commence his new role on 18 February 2025.
"Frank brings a wealth of experience and insight to the team, which will be invaluable for supporting our clients in Australia and New Zealand," a spokesperson for MUFG noted, highlighting the strategic importance of Mr Lombardo's appointment.
MUFG Pension & Market Services has expressed confidence in Mr Lombardo's capabilities to drive growth and success in the designated markets while maintaining MUFG's standards of excellence and commitment to client satisfaction.
