ANZ's Alexis George replaces De Ferrari at AMP
AMP has a new chief executive with Alexis George replacing Francesco De Ferrari.
The company has announced to the Australian Securities Exchange (ASX) that George is replacing De Ferrari who is retiring from the role as the company completes its portfolio review.
George joins AMP form ANZ where she has been deputy chief executive as well as group executive Wealth Australia.
De Ferrari will continue to lead AMP for an interim period to ensure a smooth handover.
AMP chair, Debra Hazelton said that De Ferrari would continue to work with the board and lead AMP’s key strategic initiatives including discussions on the proposed transaction for AMP Capital’s private markets business with Ares Management Corporation.
She said De Ferrari had led AMP through an extraordinary period responding to unprecedent external challenges.
George will be joining AMP on a salary of $1.715 million a year and a short-term incentive opportunity equivalent to 100% of salary for on-target performance and 200% at maximum.
She will also have access to a sign-on award with a face-value of $4.091 million to be delivered in AMP equity, to replace existing incentive arrangements foregone with her previous employer.
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
