AMP has made 13 appointments at executive and director level since the start of the year, as a new chief executive and a not-so-new chair address the problems revealed in the Hayne Royal Commission hearings.
AMP CEO Francesco De Ferrari started work in December last year, and since then he and chair David Murray have launched a complete overhaul of senior roles.
The most recent appointments include Debra Hazelton as a non-executive director, Lara Bourguignon as chief of the group’s SMSF administration business, SuperConcepts, and a total restructure of the Australian wealth management team.
De Ferrari says the group’s immediate priorities are reinventing wealth management, executing a successful separation of the wealth protection and mature businesses, and driving change and efficiency across AMP.
SuperConcepts has a new chief executive with the appointment of former AMP executive, Lara Bourguignon. She has over 20 years’ experience within the finance and superannuation industry and joins from her role as director of customer experience at AMP. Bourguignon takes over the role from interim chief executive Adrian Urquhart.
Alex Wade has been appointed as chief executive of Australian wealth management. He will be responsible for leading an expanded portfolio of AMP’s advice, wealth management, product and customer solutions teams. Wade will take over Paul Sainsbury’s position as group executive, wealth solutions and customer.
Further changes in the Australian wealth management team include Lakshman Anantakrishnan who has been appointed as chief investment officer. He joins from his role as head of portfolio management at Credit Suisse and will be responsible for AMP’s superannuation trustees.
Additionally, Jen Thomas has joined as chief operating officer from RBS and has extensive experience leading operations, technology and change in financial services. Fraser Herd has been appointed as managing director, client relationships. He joins from Credit Suisse where he was a part of the private banking leadership team.
Ant Dureau has been promoted to chief client officer from his role as acting director strategic marketing & customer experience. His expertise is in brand, acquisition, client and channel management.
As a part of the new group structure, Megan Beer has been appointed chief executive AMP Life. She will lead the separation and transfer of AMP Life to Resolution Life. Once completed she will leave AMP to lead Resolution’s Australasian region.
Blair Vernon has taken on the position as chief executive, NZ wealth management. He will continue to lead New Zealand’s wealth protections and mature operations in the interim, as they transition into the AMP Life business under Megan Beer ahead of separation.
Craig Ryman has been appointed as chief operating officer. He will be responsible for driving efficiency and improving capability in executing and delivering change.
AMP Capital has appointed Marsha Beck to the newly created role of managing director of Australia. She will be responsible for strengthening resourcing in Australia. Since 2015 she has led AMP Capital’s global consultant and account management strategy for the Asia Pacific client division. She previously worked at Fidante and Perennial.
Debbie Alliston has been appointed as chief investment officer for AMP Capital’s Multi-Asset Group. She takes on the position from her role as head of multi-asset portfolio management at AMP Capital. In addition to her role she holds the position of portfolio manager for AMP’s default corporate super offerings.
She joined from Apostle Asset Management and prior to that held a range of senior positions at BT Financial Group. Alliston will report to AMP’s head of public markets, Simon Warner, and will be responsible for the portfolio management, dynamic markets, market solutions and tailored investment solutions teams.
Andrea Slattery has been appointed as a non-executive director and chair of the AMP Bank audit committee. Slattery has 26 years of experience in financial services and is currently a non-executive director at Clean Energy Finance Corporation, Argo Global Listed Infrastructure and the South Australia Cricket Association. She established and led the SMSF Association.
AMP Limited has appointed Debra Hazelton as a non-executive director. She has over 30 years’ experience in financial services and held the position of chief executive of Mizuho Bank in Australia and Commonwealth Bank in Japan. Trevor Matthews has retired from the AMP Limited board but will remain on board of AMP Life following the completion of the sale of AMP Life to Resolution Life.
Director Geoff Roberts has announced his retirement. He joined the board in 2016 and served as the chair of the AMP audit committee and AMP Bank audit committee. Roberts also held positions as a member of the risk and remuneration committees and a non-executive director of AMP Life.