AMP creates new divisions, roles for Helmich and Howes
AMP has created two new business divisions and appointed Steve Helmich and former Actuaries Institute chief executive Melinda Howes to senior advice and strategy roles.
At the same time AMP’s five advice licensees will be shifted to work under three management teams, with Helmich to move from director of Financial Planning and Advice Services to take on the role of executive director Financial Planning. He will represent AMP within Australia and overseas at boards and forum meetings.
AMP Financial Planning managing director Michael Guggenheimer will take over the management of AMP planning business Hillross following the appointment of its managing director Hugh Humphrey as director Channel Strategy and Transformation.
Ipac managing director Tim Steele will increase his responsibility for Genesys while Kevin Stone will continue in his role as Charter Financial Planning managing director.
In October AMP announced that its Advice and Banking division would be led by group executive Rob Caprioli who said the change in roles creates “a single leadership team responsible for the primary ways customers join AMP”.
The two new business divisions – Insurance and Superannuation, and Advice and Banking – will come into existence from 20 January 2014, with AMP group executive Pauline Blight-Johnston to head the Insurance and Superannuation division.
Howes will report to Blight-Johnson as will AMP director Wealth Management Products Patricia Montague, who will take on the role of director of Superannuation while former NAB executive Megan Beer will take on the role of director of Insurance.
The moves follow the appointment of AMP chief executive Craig Meller in August last year and the announcement of his leadership team in October.
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