AMP chief risk officer, advice, resigns

amp resignation Royal Commission financial planning people and products

17 May 2018
| By Hannah Wootton |
image
image
expand image

Hot on the heels of the departures of its chief executive, group general counsel, chairperson and three directors, AMP has lost its chief risk officer, advice, with Pally Bargri resigning this week.

Announcing his resignation on LinkedIn, Bargri said that he did not have the energy and commitment needed by AMP at the moment, as the organisation responds to the fallout from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

“Having reflected very deeply about how I feel; what’s most important to me and why; I announced earlier … my resignation from AMP,” Bargri said.

“When I think of where I’m personally at, and the energy and commitment the organisation needs from me now, I conclude that I have insufficient capacity to carry through the important task of navigating the days and months ahead.”

Despite the shadow currently cast over the company, Bargri was clear that he was proud of his time at the company.

“I am immensely proud of all that my teams and I have achieved, and the privilege and honour I’ve had of working with some intelligent, committed and loyal people,” he wrote on LinkedIn.

Bargri did not yet know where he would go next but said that he was looking forward to being with his two daughters while he contemplated that move.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 5 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 3 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

6 days 11 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

5 days 15 hours ago