IOOF Holdings Ltd. announce the appointment of Ms. Michelle Somerville as an Independent Non-Executive Director. Ms. Somerville will commence her directorship on 1 October 2019. Michelle is an experienced non-executive Director, currently sitting on the boards of The GPT Group, Bank Australia and a number of smaller organisations. Previously she had been an audit partner with KPMG Australia for nearly 14 years, with a focus on the financial services industry in both Australia and overseas. Also as foreshadowed on 25 June, the Boards of IOOF Investment Management Limited and IOOF Limited welcomed Lindsay Smartt as a new Independent Non-Executive Director. Mr. Smartt is an experienced non-executive Director with significant expertise in the financial services industry, following an extensive career in various risk, finance and actuarial roles for large organisations. Lindsay was Chief Risk Officer at Munich Re Australasia and previously held senior finance and actuarial positions at MLC and Hannover Life Re. IOOF APRA regulated entity Boards continue to remain majority independent of the IOOF Board.