AMP gets another banker
AMP has recruited a Westpac executive to head up its AMP Bank division.
The company announced this week that it had appointed Westpac’s head of customer solutions and integration for working capital and trade Michael Lawrence as managing director of AMP Bank.
Lawrence will be succeeding Stephen White in the role, with White retiring from AMP in December after 42 years with the company.
Lawrence will start with AMP in late November. He has previously worked at National Australia Bank.
AUTHOR
Mike Taylor
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
