Citing a realignment of business to focus on performance and growth, Australian financial services group AMP has announced sweeping changes to its senior leadership team.
Pauline Blight-Johnston, Group Executive, Insurance, Super and Risk Management; Rob Caprioli, Group Executive, Advice and Banking; and Wendy Thorpe, Group Executive Operations, will all leave the business.
Thorpe however will shortly join the board of AMP Bank as a Non-Executive Director.
Sharper Focus on Performance
The Chairman of AMP, Catherine Brenner, said recently that the company needs to lift its financial performance in the short and long term, as a result there are significant changes to the management structure.
In Wealth Solutions and Customer Paul Sainsbury will lead a new division bringing together customer, wealth management and product solutions.
Jack Regan, currently Managing Director New Zealand, will lead an expanded portfolio, assuming responsibility for AMP's advice businesses. Regan will retain responsibility for the management of AMP New Zealand.
Combined Roles
Sally Bruce will join the group leadership team as Group Executive, AMP Bank and Megan Beer will be appointed Group Executive, Insurance, bringing single point accountability to the stabilisation and management of the insurance business.
In AMP's Technology and Operations Craig Ryman will become Group Executive, Technology and Operations, assuming an expanded portfolio combining IT and operations and finally Saskia Goedhart, Chief Risk Officer, will join the group leadership team.
AMP CEO Craig Meller (pictured left) said the new group structure delivers sharper focus on performance, drives efficiency across the group and provides increased emphasis on the growth drivers in the portfolio.
