AMP Aust boss quits

AMP Ltd has accepted the resignation of AMP Australia CEO Alex Wade and confirms Wade will step down immediately. In a statement to the ASX today (August 6), AMP said NZ Wealth Management CEO Blair Vernon would become acting AMP Aust CEO, while the company started looking for a permanent replacement. Vernon, who had led…

ASIC reports 52% jump in FSRC actions

ASIC has reported a 52% increase in enforcement investigations, triggered by the financial services royal commission (FSRC), involving CBA, NAB, Westpac, ANZ and AMP, or their officers or subsidiary companies.

AMP confirms CFO appointment

AMP Ltd has confirmed the appointment of James Georgeson as CFO from February 3. Georgeson has been AMP’s acting CFO since August 2019. He will now formally join AMP’s group leadership team, reporting directly to chief executive Francesco De Ferrari.