Former ANZ boss joins non-major

Bringing both domestic and international experience in financial services and risk management to the position, Jenny Fagg will assume the new role on 9 February 2018, replacing outgoing chief risk officer Saskia Goedhart who will depart for family reasons, according to a statement.

Prior to the appointment, Ms Fagg was based in Toronto as executive vice president, products and payments for the Canadian Imperial Bank of Commerce.

Before that, she spent a combined 11 years at ANZ Australia and New Zealand in various senior roles, including general manager, risk management; director, credit cards; managing director, consumer finance; deputy chief executive and managing director, national retail distribution; and chief executive and managing director, ANZ National Bank.

Prior to that, she also held senior positions at KPMG and Citibank.

Ms Goedhart will stay on as AMP’s chief risk officer until 8 February 2018, and Ms Fagg will join the company from 17 January for a smoother transition, the statement said.