AMP has announced that Alex Wade, CEO of AMP Australia, will step down from his role, effective immediately.
A short statement from the company says that AMP has accepted the resignation and confirms Wade will leave the business.
It says that Blair Vernon, CEO of New Zealand Wealth Management (NZWM), has been appointed Acting CEO of AMP Australia while a process is conducted to find a permanent replacement.
AMP says that Vernon, who has led major change as CEO of NZWM, will start in the role immediately and Jeff Ruscoe will replace him as Acting CEO, NZWM.
AMP Chief Executive Francesco De Ferrari says in the statement that they have a strong team in AMP Australia, who have been transforming the business, managing the successful separation of AMP Life, reshaping advice and increasing its focus on clients.
“I’m pleased we are able to call on an experienced executive in Blair Vernon to lead this team and continue to drive our strategy forward,” he says.