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
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.