AMP appoints two to board
AMP has appointed two independent non-executive directors to its board as Kate McKenzie steps down after three years.
From 1 January 2024, Kathleen Bailey-Lord and Anna Leibel will join the board of AMP Bank and AMP Ltd.
AMP said the roles bring “significant skills and experience in digital transformation, technology and financial services”.
Bailey-Lord will join the remuneration committee, while Leibel will join the firm’s risk and compliance committee.
In their previous experiences, Leibel spent four years at UniSuper and seven years at Telstra, both in senior information technology roles. Bailey-Lord is a former chief executive of accounting and financial services firm Fordham, which is now part of Perpetual, and has held board roles at QBE Insurance and Bank of Queensland, among others.
AMP chair Debra Hazelton said: “We have sought to continue to build on the skills of the board to develop in the areas of technology and customer-focused transformation which are critical to AMP’s success in the future.
“Both Kathleen and Anna will complement the existing skills of the board as AMP embarks on the next phase of its strategy, building its banking and wealth management businesses in Australia and New Zealand.”
McKenzie, who was appointed in November 2020, will step down as non-executive director to focus on her other board roles.
Hazelton added: “I would like to sincerely thank Kate for the invaluable experience, insight and governance she has brought to the board. Her commitment and passion for the business over the past three years has been instrumental to the ongoing transformation at AMP.”
The AMP Ltd board consists of Hazelton, chief executive Alexis George and independent non-executive directors Andrew Best, Rahoul Chowdry, Mike Hirst, Michael Sammells and Andrea Slattery.
AUTHOR
Laura Dew
Recommended for you
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
Culture clashes and differing management styles are among the reasons why, recruiters tell Money Management, they see employees changing jobs post-M&A activity.
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
