Ray Greenshields departs AMP
Ray Greenshields has resigned unexpectedly from the top job at AMP Financial Services following a major shakeup of the financial services arm.
Ray Greenshields has resigned unexpectedly from the top job at AMP Financial Services following a major shakeup of the financial services arm.
Rising star and AMP Asset Management (AMPAM) managing director Andrew Mohl will take over as managing director of AMP Financial Services after just over a year in the top job at AMP Asset Management and a couple of years under Greenshields as head of distribution at AMP. He joined AMP in 1996 from ANZ Funds Management where he was managing director.
Greenshields will also resign form his positions as AMP Life managing director, AMP Bank chairman and AMP New Zealand executive director. He will stay with AMP until the end of the week.
Jack Ritch will take over from Mohl at AMPAM managing director with Merv Pea-cock as domestic chief investment officer and Roger Yates will become global chief investment officer based in London.
AMP chief executive officer Paul Batchelor says the changes are key components of his plan to continue to strengthen AMP’s executive management team.
AUTHOR
Jason Spits
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
