AMP has announced changes to its leadership team to drive the transformation of the group in 2019.
AMP Chief Executive, Francesco De Ferrari, said the new group structure delivers clear focus on the group’s immediate priorities which include:
- Reinventing wealth management
- Successfully separating the wealth protection and mature businesses
- Driving change and efficiency across AMP
Changes to the group leadership team are as follows:
Australia and New Zealand wealth protection and mature (AMP Life)
Megan Beer will lead AMP Life through the separation and transfer to Resolution Life, which is expected 2H 2019, after which she will join Resolution as CEO AMP Life and Head of Resolution’s Australasian region.
New Zealand wealth management
Blair Vernon will lead AMP’s New Zealand advice and wealth operations. He will continue to lead AMP’s New Zealand wealth protection and mature operations for an interim period as they transition into the AMP Life business under Beer, ahead of separation.
Australian wealth management
Alex Wade will lead an expanded portfolio bringing together AMP’s advice, wealth management, product and customer solutions teams. Wade will redefine AMP’s wealth management model to focus on strengthening client outcomes and restoring momentum in the new regulatory environment. Current Group Executive, Wealth Solutions & Customer, Paul Sainsbury, will remain with the group for an interim period to support Wade in ensuring a smooth transition to a single wealth division.
Chief Operating Officer
Craig Ryman has been appointed to the expanded role of Chief Operating Officer, responsible for driving efficiency and improving AMP’s capability to execute and deliver change.
“2019 will be a year of significant transition for AMP, and today’s appointments will drive change while retaining experience in our leadership team,” said De Ferrari.
“Today’s changes establish clear accountabilities for a successful separation of the insurance and mature businesses this year and setting up the future direction of the new AMP.”