PPS Mutual Welcomes New Member to Board

Specialist insurance company PPS Mutual today announces the appointment of Anthony Asher to its Board of Directors, effective immediately. Dr. Asher will play a role in enhancing the company’s strategic direction and strengthening the board’s overall capabilities.

With a distinguished career in actuarial science and senior management roles across the financial services sector, Dr. Asher brings a wealth of experience and expertise that will help to further the mutual life insurance company’s strategic vision and long-term goals.

Chief Executive Michael Pillemer said Dr. Asher’s deep understanding of the life insurance and wealth management industries, combined with his academic and research contributions, will be invaluable as the firm continues to deliver tailored risk insurance solutions to professionals in the Australian market.

“We are thrilled to welcome Anthony to our Board. PPS Mutual’s mission has always been to deliver high-quality outcomes and innovative solutions to our valued Members, and Anthony’s wealth of experience will undoubtedly contribute to driving that mission and our strategic goals forward,” Pillemer said.

Alongside his new position on the PPS Mutual board, Dr. Asher currently serves as an Associate Professor at UNSW Business School, Director of the non-profit organisation Fresh Hope Communities, and is actively involved in Actuaries Institute committees.

Dr. Asher has held senior management and board roles in various financial institutions, including his role as Chief Actuary for Prudential in South Africa. His experience also includes roles at APRA and Deloitte in Australia, where he provided consulting services to the life, wealth management, and superannuation industries.

Commenting on his appointment, Dr. Asher said, “I am excited to be joining PPS Mutual in its mission to bring the benefits of the mutual model and its unique proposition to the Australian professional market. I look forward to bringing my knowledge and experience to the Board and helping to take its industry-leading offer further.”

PPS Mutual is supported by PPS South Africa, the largest multi-disciplinary group of professionals in the world and the largest mutual company in South Africa. PPS Mutual is based on the proven PPS business model that has been hugely successful in South Africa since the 1940s – sharing over $2.5 billion in profits with Members over the last 10 years. PPS Mutual is owned by its Australian professional members who will share in the profits of the products that they buy.