AMP Limited has announced it has appointed Alexis George as its new group Chief Executive Officer to take over from Francesco De Ferrari who will retire from the role as the company completes its portfolio review.
A statement from AMP says George will join from ANZ where she has served as Deputy Chief Executive Officer, as well as Group Executive Wealth Australia, overseeing the sale of the business in 2018.
She will join AMP in Q3 this year, subject to required regulatory approvals.
The statement notes George has more than 25 years’ experience in the financial services industry in Australia and overseas.
She spent seven years at ANZ, including most recently as the Deputy CEO, working with the CEO to drive group-wide strategic initiatives in addition to responsibility for its shared service centres and banking services.
…George led ANZ’s ~$4 billion wealth divestment program, including the separation and sale of its life insurance and superannuation businesses…
As the Group Executive Wealth Australia, George led ANZ’s ~$4 billion wealth divestment program, including the separation and sale of its life insurance and superannuation businesses, the statement says.
She also spent 10 years with ING Group in a number of senior roles.
AMP Chair Debra Hazelton says that in George, “…we have a great leader and strong fit for the future of our company. On any measure, she has outstanding industry experience in wealth management and banking, and is committed to continue the transformation of AMP’s business, and importantly, our organisation’s culture.”
Hazelton also thanked De Ferrari for his significant service to AMP, noting he had led the company “…through an extraordinary period, responding to unprecedented external challenges, all while successfully executing a complex transformation program. His strategy has materially reshaped the group, simplified AMP and sharpened the focus of each of our businesses on their strongest growth opportunities”.
She added that he had led the business through the disruption of Covid-19 and successfully delivered key programs including client remediation and the completion of the sale of AMP Life (see: AMP Completes Sale of Life Insurance Business to Resolution Life).