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AMP announces new board appointment

The financial services group has announced the appointment of a new non-executive director, with its CEO also assuming his board position.

AMP Limited has appointed Andrea Slattery to the group’s board as a non-executive director, effective 15 February 2019, subject to the completion of pre-appointment processes.

Ms Slattery holds 26 years of experience in financial services, superannuation and retirement, including establishing and leading the SMSF Association as managing director and CEO.  

The new appointee has also served on the board and advisory committees for listed companies and in the commercial, government and not-for-profit sectors over the past 11 years, which include the Clean Energy Finance Corporation.  

Commenting on the appointment, AMP chairman David Murray said: “Andrea’s considerable experience in financial services as a business leader, non-executive director and an expert in change brings a strong mix of skills to the AMP board.

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“Andrea has built trusted relations with government, industry and consumers, and has been a strong advocate for the self-managed superannuation industry, and financial services in general.

“Andrea’s insights into financial advice, wealth management and superannuation will be very valuable to AMP as we continue to simplify and reset our business.”

Further, AMP has also announced that its CEO, Francesco De Ferrari, has formally joined the group’s board, effective immediately.

Mr De Ferrari was appointed as CEO in August 2018, replacing interim CEO Mike Wilkins.

The AMP CEO assumed his role in December.

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 [Related: AMP profits plummeted in 2018]

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