Management shake-up at AMP
AMP Limited has undertaken a senior management shake-up in a move it says is aimed at driving short-term business performance delivering longer-term growth.
The shake-up sees three senior executives leave the organisation – Pauline Blight-Johnston as group executive, insurance, super and risk management, Rob Capriloi as group executive, advice and banking and Wendy Thorpe, group exeuctive, operations.
The new structures sees Paul Sainsbury lead the wealth solutions and customer division, Jack Regan leading advice and New Zealand, Sally Bruce responsible for AMP Bank, Megan Beer take on insurance with technology and operations beign run by Craig Ryman and enterprise risk management run by Saskia Goedhardt. AMP chief executive Craig Meller said the new group structure delivers sharper focus on performance in the core Australian businesses, drives efficiency across the group and provides increased emphasis on the growth drivers in the portfolio.
Recommended for you
With regional and rural suburbs exhibiting high spare capacity to invest, Money Management speaks to three regional advisers on the opportunities beyond the major cities and the importance of a strong network.
Platform consolidation is expected to accelerate among financial advisers this year, as software company Finura pinpoints which two platforms are set to be the winners, thanks to this trend.
The software provider has made several appointments in its APAC wealth propositions team, with a focus on driving growth across digital advice, Xplan and strategic partnerships.
The platform has announced it plans to close its Xplore managed discretionary account service in 2026 which holds $2 billion in funds under administration.