AMP’s Alex Wade resigns, to leave immediately

AMP Australia chief executive, Alex Wade has resigned and is stepping down from his role immediately. 

AMP confirmed his resignation stating that the company had accepted his resignation and that he would be leaving the business immediately. 

It said that the CEO of New Zealand Wealth Management, Blair Vernon had been appointed acting CEO of AMP Australia while a process was conducted to find a permanent replacement for Wade. 

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Commenting on the change, AMP chief executive, Francesco De Ferrari said the company had a strong team and had been transforming the business. 

“I’m pleased we are able to call on an experienced executive in Blair Vernon to lead this team and continue to drive our strategy forward.” 




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Comments

Comments

Alex is a top level executive and leader. I wonder why he suddenly resigned?

Has sobered up off the Kool aid?

With ASIC's up and coming legal action Al can see the writing on the wall for AMP

Surely all senior management at AMP are feeling guilty about the way they threw their advisers under the bus.

I don't wonder about why he is leaving, I wonder why anyone is staying?

well it all comes out in the end...sexual misconduct at the boys club

A very curious confirmation from AMP:
"AMP confirmed his resignation stating that the company had accepted his resignation and that he [Alex] would be leaving the business immediately."
Smacks of something more than a major disagreement over the company's future direction or past behavior.
"leaving the business immediately" implies "and your personal stuff will be delivered to your home address."
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