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AMP Ltd (AMP.AX)

AMP.AX on Australia Stock Exchange

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23 Jul 2019
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Summary

Name Age Since Current Position

David Murray

68 2018 Independent Non-Executive Chairman of the Board

Francesco de Ferrari

2019 Chief Executive Officer, Director

John Moorhead

2019 Chief Financial Officer

Megan Elizabeth Beer

2018 Chief Executive - AMP Life

Adam Tindall

2015 Chief Executive Officer - AMP Capital

Blair Vernon

2019 Chief Executive - New Zealand wealth management

Alex Wade

2019 Chief Executive - Australian Wealth Management

Craig Ryman

2019 Chief Operating Officer

Jennifer Fagg

52 2018 Chief Risk Officer

Marissa Bendyk

2019 General Counsel, Corporate and Governance and Group Company Secretary

David Cullen

2019 Group General Counsel

Sally Bruce

2017 Chief Executive - AMP Bank

Helen Livesey

2017 Group Executive - Public Affairs and Chief of Staff

Fiona Wardlaw

2014 Group Executive - People and Culture

Vicki Vordis

2010 Company Secretary

Debra Hazelton

2019 Non-Executive Director

John Fraser

68 2018 Non-Executive Independent Director

Andrew Harmos

59 2017 Non-Executive Independent Director

Trevor Matthews

67 2014 Non-Executive Independent Director

John O'Sullivan

2018 Non-Executive Independent Director

Andrea Slattery

2019 Non-Executive Independent Director

Peter Joseph Noozhumurry Varghese

2016 Non-Executive Independent Director

Michael Wilkins

2018 Non-Executive Independent Director

Biographies

Name Description

David Murray

Mr. David Victor Murray is Independent Non-Executive Chairman of the Board of the Company. David was appointed to the AMP Limited Board as Chairman in June 2018. He is also Chairman of the Nomination and Remuneration Committees and was appointed a member of the Risk Committee in January 2019. In addition, on 15 February 2019, David was appointed Chairman of the AMP Bank Limited Board and a member of its Risk Committee. David has 40 years’ experience in financial services, with expertise in banking and wealth management, as well as the industry’s regulatory environment. David served as Chief Executive Officer of the Commonwealth Bank of Australia from 1992 to 2005 and as the inaugural Chairman of the Australian Future Fund from 2006 to 2012 when his statutory term ended. He was also the inaugural chair of the International Forum of Sovereign Wealth Funds. David also chaired the Financial System Inquiry, which reported to the Australian Government in December 2014 and has previously served as a member of the Finance Sector Advisory Council and the APEC Business Advisory Council. David holds a Bachelor of Business from the NSW Institute of Technology and a Master of Business Administration, commenced at Macquarie University and completed at the International Management Institute, Geneva. He holds an honorary Doctor of Letters from Macquarie University.

Francesco de Ferrari

Mr. Francesco Alexander de Ferrari is appointed as Chief Executive Officer, Director of the company. Francesco was appointed Chief Executive Officer of AMP Limited by the AMP Limited Board, joining in December 2018. As CEO, he is responsible for leading the AMP business and is accountable for its performance. In January 2019, Francesco was appointed to the AMP Limited Board, and on 15 February 2019 he was appointed to the AMP Bank Limited and AMP Capital Holdings Limited Boards. Francesco has more than 20 years’ experience in the wealth management industry including private banking and management consulting. He spent 17 years in executive roles at Credit Suisse in Asia and Europe, leading businesses that grew substantially under his leadership. During almost seven years as Head of Credit Suisse’s Asia Pacific private banking business, he overhauled the operating model, increased assets under management and profitability, and improved culture and controls within the business. As CEO of South East Asia and Frontier Markets, Francesco was responsible for Credit Suisse’s business in Investment Banking, Global Markets, Private Banking in ASEAN and frontier markets across the Asia Pacific. Francesco was conferred the Institute of Banking and Finance (IBF) Distinguished Fellow award in 2016 for excellence in professional stature, integrity and achievement in the financial industry.

John Moorhead

Mr. John Patrick (JP) Moorhead is appointed as Chief Financial Officer of the Company., effective 1 June 2019. Mr Moorhead, who is currently CFO and Chief Operating Officer of AMP Capital, will lead AMP’s finance function with responsibility for capital management, treasury, mergers & acquisitions and investor relations. Mr Moorhead is an experienced finance executive, having served as a Group CFO of the Virgin Group in the United Kingdom, and Chief Operating Officer of Eight Roads, the proprietary investment arm of Fidelity International. He began his career in investment banking at Goldman Sachs in the UK and Australia. He joined AMP Capital in April 2018.

Megan Elizabeth Beer

Ms. Megan Elizabeth Beer is Chief Executive - AMP Life of the Company. Megan joined AMP in February 2014 as Director, Insurance and was appointed Group Executive, Insurance on 1 January 2017. Megan will lead AMP Life through the separation and transfer to Resolution Life, which is expected in 2H 2019. On completion, Megan will join Resolution as CEO AMP Life and Head of Resolution’s Australasian region. Megan has more than 20 years’ experience in the financial services industry in a range of executive, finance, actuarial and consulting roles. Prior to AMP, Megan led NAB’s wealth management and insurance offer through the bank channel as General Manager, Bancassurance and Direct. Megan was also General Manager of Group Insurance and Head of Finance for Insurance, both at MLC. She worked for Tower (now TAL) for six years as Chief Actuary, Chief Risk Officer and Head of Risk, Planning and Analysis, and has been a Director with Tillinghast (Consulting Actuaries). Other appointments - Managing Director of AMP Life and The National Mutual Life Association of Australasia Limited, Director and Deputy President of Australian and New Zealand Institute of Insurance and Finance.

Adam Tindall

Mr. Adam Tindall serves as Chief Executive Officer - AMP Capital of the Company. Adam has been Chief Executive, AMP Capital since October 2015. Adam leads an increasingly pre-eminent global investment manager, entrusted to manage funds and separate accounts on behalf of clients across a range of asset classes including equities, fixed income, real estate, infrastructure and multi-asset capabilities. AMP Capital has client relationships and assets around the world managed by teams based in Australia, China, Hong Kong, India, Ireland, Japan, Luxembourg, New Zealand, the United Arab Emirates, the United Kingdom and the United States. Before being appointed CEO, Adam held the role of Director and Chief Investment Officer, Property at AMP Capital. Adam has 30 years of extensive experience in investment management and real estate. He joined AMP Capital Property in 2009 from Macquarie Capital where he was Executive Director, Property and Infrastructure, responsible for creating or enhancing a number of major property investment funds. Prior to this, Adam spent 17 years with Lend Lease, ultimately working in various business leadership roles including CEO, Asia Pacific for Bovis Lend Lease. He serves in Male Champion of Change.

Blair Vernon

Mr. Blair Vernon is Chief Executive - New Zealand wealth management of the Company. Blair joined AMP in 2009 and was appointed to Chief Executive, New Zealand wealth management in March 2019. He is responsible for leading AMP’s New Zealand advice and wealth operations. He will continue to lead AMP’s New Zealand wealth protection and mature operations for an interim period as they transition into the AMP Life business under Megan Beer. Blair has held a number of senior roles at AMP in New Zealand. He was previously Managing Director, AMP New Zealand. Prior to this role, Blair was AMP’s Director Retail Financial Services (NZ), responsible for sales, customer service, marketing and supporting AMP’s extensive Adviser business networks including Spicers and AdviceFirst. Other roles at AMP include AMP’s Director of Advice and Sales and General Manager Marketing and Distribution. Blair has over 25 years’ experience across the Financial Services sector in New Zealand and Australia.

Alex Wade

Mr. Alex Wade is Chief Executive - Australian Wealth Management of the company. Alex joined AMP in January 2019 as Group Executive, Advice. In March 2019, his portfolio expanded to bring together AMP’s advice, wealth management, product and customer solutions teams. Alex is responsible for AMP’s wealth management model, with a focus on strengthening client outcomes and restoring momentum in the new regulatory environment. Alex has substantial experience in the wealth management and banking industries in Australia, Singapore and Hong Kong. Most recently, he served as the Head of Developed and Emerging Asia for Credit Suisse Private Banking. He was with Credit Suisse for 12 years, during which time he held executive roles including Chief of Staff for Asia Pacific and Deputy Market Area Head for Developed Asia.

Craig Ryman

Mr. Craig Ryman serves as Chief Operating Officer of the Company. Craig joined AMP in 1997 and was appointed to the expanded role of Chief Operating Officer in March 2019. Craig is responsible for driving efficiency and improving AMP’s capability to execute and deliver change. Craig is a seasoned executive with more than 25 years of technology, business and transformation experience. Prior to his current role, Craig was AMP’s Group Executive for Technology and Operations and before that Chief Information Officer. During his time at AMP, Craig has led the technology function for a variety of different areas of the business. Craig has deep experience in leading large transformation programs including a technology operating model transformation of AMP Capital and one of the largest platform consolidation programs in Australia. Before joining AMP, Craig worked as a superannuation consultant for William M Mercer in Australia and he holds a Bachelor of Commerce from the Australian National University.

Jennifer Fagg

Dr. Jennifer Anne (Jenny) Fagg serves as Chief Risk Officer of the Company. Jenny joined AMP in January 2018. She has group-wide responsibility for AMP’s risk management function. Jenny joined AMP from CIBC, one of Canada’s big five banks, where she was Executive Vice President of Products and Payments. Before moving to Canada, Jenny was Chair of the Real Time Payments Committee in Australia. Previously Jenny was the Chief Executive Officer and Managing Director of ANZ National Bank Limited, New Zealand’s largest bank. She has also held senior leadership roles at Citibank and was a director at KPMG. Jenny holds a PhD in Management (Risk) and a Bachelor of Economics (Honours in Organisational Psychology). She is a member of AICD and Chief Executive Women in Australia.

Marissa Bendyk

Ms. Marissa Bendyk is General Counsel, Corporate and Governance and Group Company Secretary of the Company. Ms Bendyk brings significant experience in the legal profession with expertise in corporate governance, mergers & acquisitions, corporate and commercial law. Before joining AMP, Ms Bendyk worked at APA Group and King & Wood Mallesons.

David Cullen

Mr. David Cullen is Group General Counsel of the Company. David joined AMP in September 2004 and was appointed Group General Counsel in May 2018. David has group-wide responsibility for AMP’s legal and governance functions. David has almost 25 years’ experience in the legal profession, with extensive experience in the areas of M&A, corporate law and corporate governance, having worked in law firms in Perth and Sydney and with the ASX. Prior to his appointment as Group General Counsel, David was the Group Company Secretary and General Counsel, Governance at AMP, which included acting as Company Secretary for AMP Limited. David also worked full-time on AMP’s merger with AXA APH. David holds a Bachelor of Commerce and Bachelor of Laws from the University of WA and a Master of Laws from the University of Sydney. He is a Fellow of the Governance Institute of Australia.

Sally Bruce

Ms. Sally Bruce serves as Chief Executive - AMP Bank of the Company. Sally joined AMP in August 2015 as Managing Director, AMP Bank and was appointed Group Executive, AMP Bank in January 2017. Sally is responsible for AMP’s banking business. Sally has more than 25 years’ experience in banking and financial services. During her five years at NAB, Sally held a number of senior executive positions including Chief Financial Officer, Business and Personal Banking. Prior to this, she held a number of senior leadership roles in a 20-year career at Macquarie Group. She is Director of Melbourne International Arts Festival.

Helen Livesey

Ms. Helen Livesey serves as Group Executive - Public Affairs and Chief of Staff of the Company. Helen joined AMP in 1999 and was appointed Group Executive, Public Affairs and Chief of Staff in January 2017. Helen has group-wide responsibility for strategy, brand, reputation and communications management, and managing AMP’s relationship with key stakeholders. Helen has held a number of senior roles at AMP, including Director Brand and Marketing, Director Corporate Communications and Director Public Affairs UK. Helen has over 20 years’ experience in corporate affairs, marketing and brand management across a range of industries in Australia and the UK in both consultancy and in-house roles.

Fiona Wardlaw

Ms. Fiona Wardlaw serves as Group Executive - People and Culture of AMP Limited., since January 1, 2014. Fiona joined AMP from ANZ Bank where, as head of Leadership and Talent, she was responsible for recruitment strategy, talent management, succession planning and senior executive development. Prior to joining ANZ, Fiona worked in the Australian banking operations at National Australia Bank, where her roles included heading up the bank’s unsecured lending and credit card businesses and leading the Australian human resources function. Her background also includes executive human resources experience in the resources and telecommunications sectors. She serves as Director of AMP Foundation Limited, Director, Chief Executive Women.

Vicki Vordis

Ms. Vicki Vordis serves as Company Secretary of AMP Limited. Vicki joined AMP in December 2000 and has held various legal roles in the AMP group before moving into the Group Corporate Governance team. She is the lead Company Secretary for AMP Limited and secretary of a number of other AMP group companies. Prior to 2000, Vicki worked as a lawyer focusing on litigation in several Sydney private legal practices. She is a Fellow of the Governance Institute of Australia.

Debra Hazelton

Ms. Debra Hazelton is appointed as Non-Executive Director of the Company., effective 15 June 2019. Ms Hazelton brings significant experience from more than 30 years in global financial services, including as the local Chief Executive of Mizuho Bank in Australia and Commonwealth Bank (CBA) in Japan. Ms Hazelton is a non-executive director on the boards of Treasury Corporation of Victoria, Persol Australia Holdings and the Australia-Japan Foundation, and previously served on the board of Australian Financial Markets Association. She is also a Non-Executive Director of AMP Capital Holdings Limited and will continue in this position when she joins the AMP Limited Board.

John Fraser

Mr. John Arthur Fraser is Non-Executive Independent Director of the Company. John was appointed to the AMP Limited Board in September 2018 and was appointed a member of its Audit, Risk and Remuneration Committees in January 2019. On 15 February 2019, John was appointed to the AMP Bank Limited Board and as a member of its Audit and Risk Committees. He was also appointed at the same time to the AMP Capital Holdings Limited Board and as a member of its Audit and Risk Committee. John has more than 40 years’ experience in leadership roles in economics, public policy, capital markets and asset management in Australia and overseas. Most recently he was Secretary to the Treasury from 2015 to July 2018. In this capacity, John was a member of the Board of the Reserve Bank of Australia, a member of the Australian Council of Financial Regulators and Chair of the G20 Global Infrastructure Hub. John came back to Treasury after an extensive career with UBS, including more than a decade as Chairman and CEO of UBS Global Asset Management based in London. During this time, he was also a member of the UBS Group Executive Board and Chairman of UBS Saudi Arabia, as well as Chairman of various subsidiaries and joint ventures for UBS Global Asset Management. John also served as an Australian Stock Exchange Board director and as Chairman of Victorian Funds Management Corporation. Prior to joining UBS and its predecessor organisations in 1993, John held a number of senior positions with the Australian Treasury over 20 years, including postings at the International Monetary Fund and at the Australian Embassy in the United States. John graduated from Monash University, Melbourne, with a first-class honours degree in economics. He received a Centenary medal for service to Australian society through business and economics in 2001 and was awarded an honorary Doctorate of Laws from Monash University.

Andrew Harmos

Mr. Andrew William Harmos, BCom, LLB (Hons) is Non-Executive Independent Director of the company. He was appointed to the AMP Limited Board in June 2017. He is a member of its Audit and Risk Committees and was appointed as Chairman of the Risk Committee in April 2018. He was also appointed a member of the Remuneration Committee in January 2019. Andrew was appointed to the AMP Life Limited and The National Mutual Life Association of Australasia Limited Boards in August 2013. He has served as a member of the Audit Committees of both boards since August 2013 and was appointed Chairman of these Committees in May 2016. He was appointed as a member of the Risk Committees of both boards in November 2014 and Chairman in April 2018. In addition, on 15 February 2019, Andrew was appointed to the AMP Bank Limited Board, as a member of its Audit Committee and as Chairman of its Risk Committee. Andrew is one of the founding directors and shareholders of Harmos Horton Lusk Limited, an Auckland-based specialist corporate legal advisory firm. He specialises in corporate takeovers, corporate structure and governance advice, company, business and asset acquisitions and disposals, securities offerings, and strategic and board corporate advice. Andrew is also a director of Pascaro Investments Limited (a farm investment company) and Elevation Capital Management Limited, and was previously Chairman of NZX Limited and a trustee of the Arts Foundation of New Zealand.

Trevor Matthews

Mr. Trevor John Matthews serves as Non-Executive Independent Director of AMP Limited., since March 2014. Trevor was appointed to the AMP Limited Board in March 2014, became a member of its Audit Committee in May 2014 and a member of the Risk Committee in November 2014. He was also appointed as a member of the Remuneration Committee in May 2018. Trevor joined the AMP Life Limited and The National Mutual Life Association of Australasia Limited Boards in June 2014 and was appointed Chairman of those boards in May 2016. He is also a member of the Audit and Risk Committees of each of those boards. On 15 February 2019, Trevor was appointed to the AMP Bank Limited Board and as a member of its Audit and Risk Committees. Trevor, an actuary with more than 40 years’ experience in financial services, has expertise in life insurance, general insurance, wealth management, banking, investment management and risk. He has held life and general insurance chief executive roles in Australia, North America, Asia and Europe. He returned to Australia in 2013 after 15 years overseas and has assembled a portfolio of non-executive directorships. His last overseas position was as an executive director of Aviva plc. a leading global life and general insurer. He was also chairman of its UK and French businesses. Prior to that he was Group CEO of Friends Provident plc. He serves as Director of Cover-More Group Limited (ceased April 2017), Chairman of 1st Group Ltd (appointed February 2015).

John O'Sullivan

Mr. John K. O'Sullivan is Non-Executive Independent Director of the Company. John was appointed to the AMP Limited Board in June 2018. He was appointed a member of the Audit, Risk and Remuneration Committees in January 2019. On 15 February 2019, John was appointed to the AMP Bank Limited Board and as a member of its Audit and Risk Committees. John has over 40 years’ experience in the legal and financial services sectors in Australia. He started his career at Freehill Hollingdale & Page (Herbert Smith Freehills), later becoming a partner at the firm where he was recognised as one of Australia’s leading corporate and M&A lawyers. From 2003 to 2008, John was General Counsel of the Commonwealth Bank of Australia before spending 10 years at Credit Suisse Australia where he was Executive Chairman, Investment Banking and Capital Markets, Australia until February 2018. John is a member of the Takeovers Panel. He holds a Bachelor of Laws and Bachelor of Arts from the University of Sydney and a Master of Laws from the University of London.

Andrea Slattery

Ms. Andrea Elizabeth Slattery is Non-Executive Independent Director of the Company. Andrea was appointed to the AMP Limited Board on 15 February 2019 and as a member of the Audit, Risk and Remuneration Committees. At the same time she was appointed to the AMP Bank Limited Board and its Audit and Risk Committees. Andrea has substantial experience as a non-executive director and senior executive in financial services, retirement and superannuation, government relations, infrastructure, professional services, academia and innovation, spanning more than 26 years. Andrea was the Managing Director and CEO of the SMSF Association for 14 years from 2003 to 2017, which she co-founded. Previously, she worked at the University of South Australia; she was a financial adviser and she founded her own consulting and advisory business. Her previous Government Advisory Committee appointments include the Federal Government’s Innovation Investment Partnership, Stronger Super Peak Consultative Group, Superannuation Advisory Group and the Future of Financial Advice and the Shadow Ministry’s Infrastructure & Innovation and Superannuation & Industry Partnerships. She serves as Director of Argo Global Listed Infrastructure Limited appointed April 2015), Director of Centrepoint Alliance Limited ceased January 2019).

Peter Joseph Noozhumurry Varghese

Mr. Peter Joseph Noozhumurry Varghese AO serves as Non-Executive Independent Director of the Company, since 1 October 2016. Peter was appointed to the AMP Limited Board and as a member of its Risk Committee in October 2016. He became a member of the Nomination Committee in May 2017 and a member of the Audit and Remuneration Committees in January 2019. Peter was appointed to the AMP Capital Holdings Limited Board and as a member of its Audit and Risk Committee in October 2016. He was also appointed to the AMP Bank Limited Board in May 2018 and as a member of its Audit and Risk Committees in February 2019. Peter has extensive experience in public administration and governmental and international affairs, which spans 38 years and includes senior positions in foreign affairs, trade policy and intelligence. Most recently, Peter was Secretary of the Department of Foreign Affairs and Trade where he was CEO of a complex global operation including 100 overseas posts. His previous appointments include High Commissioner to India, High Commissioner to Malaysia, Director-General of the Office of National Assessments, and Senior Adviser (International) to the Prime Minister of Australia. He was also a member of the Australia-China High Level Dialogue and was the Minister (Political) at the Australian Embassy in Japan. Peter was made an Officer of the Order of Australia in 2010 for distinguished service to public administration. He was awarded an Honorary Doctorate of Letters from the University of Queensland in recognition of his distinguished service to diplomacy and Australian public service.

Michael Wilkins

Mr. Michael J. Wilkins is Non-Executive Independent Director of the company. Mike was appointed to the AMP Limited Board in September 2016. On 20 April 2018, he was appointed acting Chief Executive Officer and held that role until 30 November 2018. He also assumed the role of interim Executive Chairman from 30 April 2018 until David Murray’s appointment as Chairman on 21 June 2018. From 1 December 2018, he resumed his role as a non-executive director. Mike was also appointed a member of the Audit, Risk, Remuneration and Nomination Committees in January 2019. Mike was appointed to the AMP Life Limited and The National Mutual Life Association of Australasia Limited Boards in October 2016. Mike is also a member of these boards’ Audit and Risk Committees. On 15 February 2019, Mike was appointed to the AMP Bank Limited Board and as a member of its Audit and Risk Committees. Mike has more than 30 years’ experience in financial services in Australia and Asia, including life insurance and investment management. Mike has more than 20 years’ experience as CEO for ASX 100 companies. Most recently, he served as Managing Director and CEO of Insurance Australia Group Limited (IAG). He is the former Managing Director and CEO of Promina Group Limited and Tyndall Australia Limited. Mike has served as a director of Alinta Limited, Maple-Brown Abbott Limited, The Geneva Association and the Australian Business and Community Network. He was on the Business Council of Australia for eight years and a member of the B20 Human Capital Taskforce in 2014. Mike is a Fellow of Chartered Accountants Australia and New Zealand. Mike was made an Officer of the Order of Australia in 2017 for distinguished service to the insurance industry. He serves as Director of QBE Insurance Group Limited (appointed November 2016), Director of Medibank Private Limited (appointed May 2017).