Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

AMP Limited seeks new chairman

appointments/chairman/amp/

27 April 2016
| By Staff |
image
image image
expand image

AMP Limited is seeking a new chairman following the announced retirement of Simon McKeon.

The company has announced to the Australian Securities Exchange (ASX) that McKeon will retire at the conclusion of the AMP Limited annual general meeting in May, with John Palmer agreeing to become interim chairman until a permanent appointment is made.

The announcement said that, as a result of this decision, Palmer would be postponing his own retirement from the board until a new chair was in place.

McKeon said that his departure had been prompted by "a change in my circumstances".

He had been chairman for three years.

Palmer has been a member of the AMP Limited board since July, 2007.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

1 week 2 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 weeks 2 days ago

So we are now underwriting criminal scams?...

6 months 2 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

1 week 3 days ago

A professional year supervisor has been banned for five years after advice provided by his provisional relevant provider was deemed to be inappropriate, the first time th...

3 weeks 2 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

2 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
74.26 3 y p.a(%)
3