The investment platform has welcomed Sharyn Baker from BT Financial Group as director of operations and David Hutchison from NMG Consulting as general manager of managed portfolios and investments.
Baker will be working alongside Mike Way who joined as director of strategy and transformation in April this year. Both his and Baker’s positions are newly created roles in AMP’s platforms business, the company confirmed.
In her new position, Baker will lead the end-to-end administration, client servicing, investment operations, third-party relationships, data and risk and compliance functions across platforms. She joins from BT, where she spent nearly nine years including most recently as head of service and operations.
Meanwhile, Way is responsible for delivering on North’s growth aspirations through strategy design and transformation delivery. He brings 25 years of experience working across financial services. Prior to AMP, he spent two years as a strategy partner at Deloitte.
Hutchison will focus on partnering with North advisers to create new managed portfolio solutions and accelerating the growth trajectory of the platform. He joins from NMG Consulting where he spent nearly nine years as a principal consultant and partner.
All three appointments will report to Edwina Maloney, AMP group executive for platforms.
“I am excited for Sharyn, David and Mike to bolster our bench strength at North, as we continue to drive our strategy and transformation plans with a strong focus on product leadership and client servicing of the highest calibre,” Maloney commented.
“Our new hires bring broad market experience and are all keenly aware of the strength of our North offer. The next step will be to continue to build on North’s market competitiveness, extend our adviser footprint and drive greater awareness of North’s leading functionality.
“We have an exciting opportunity to continue to drive innovation through North, differentiating through market-leading retirement solutions like MyNorth Lifetime for both existing and new customers,” she continued.
According to AMP, North’s managed portfolios now exceed $18 billion in funds under management. In September, the platform also announced several improvements, enabling advisers to create more bespoke solutions for clients as well as further exclusion options.
In its Q3 results last month, flows onto the AMP North platform from independent financial advisers increased by 47 per cent on the prior corresponding period to reach 36 per cent of total inflows. Platform assets under management increased from $74.7 billion in Q2 to $78.1 billion, thanks to positive investment markets.
