Business review flagged by new AMP CEO



AMP Limited’s new chief executive, Francesco De Ferrari has started his new role effective today.
The company announced the new CEO’s start to work in a formal announcement at the same time as noting that he succeeds Mike Wilkins who had served as interim chief executive since April stating that they would work together to ensure a smooth transition.
De Ferrari will join the AMP Limited Board as an Executive Director at the first board meeting in January 2019 with Wilkins returning to his position as an independent Non-Executive Director on the AMP Board.
Commenting on his start, De Derrari described AMP Limited as being an iconic organisation but one which had faced some of its most challenging days in the past year.
“My immediate priority is to review the business model and develop our new strategy,” he said. The Royal Commission into the Banking and Financial Services Industry has provided an additional impetus for change in our business– and I’m determined we seize the opportunity.”
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.