AMP Capital names new chairman
AMP Capital has appointed a non-executive director of AMP Limited and Wesfarmers, Vanessa Wallace, as the new chairman of the AMP Capital Holdings Limited Board.
She would replace the current chairman Brian Clark, who had been the chairman since March 2009, and who just announced his retirement effective 16 August.
Wallace has more than 30 years of experience across the financial services sector in the Asia Pacific region and formerly held senior management positions at Booz and Company where she led the financial services practice in Global Markets and was the executive chairman of Booz and Company in Japan.
She also held multiple governance roles at the highest level within Booz's global partnership and was actively involved in the firm's customer, channels and markets activities in the area of customer experience, offer design and channels to market, across a number of industries.
Wallace was also a director of Booz and Company entities in Australia, New Zealand, Thailand and Indonesia until 2013.
"After joining the AMP Capital Holdings board as a non-executive director in May 2016, Vanessa has made an impressive contribution, drawing on her extensive financial services experience as well as her previous engagement in advising AMP Capital at a leadership level a few years ago," Clark said.
"She has developed a deep knowledge of the business and I have enjoyed working closely with her during the last few months as part of the board's succession planning programme."
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