AMP Wealth Management New Zealand appoints executive team

12 March 2019

AMP New Zealand has announced the appointment of the executive team for AMP Wealth Management New Zealand, who will be responsible for delivering its growth strategy and providing high-quality advice, services and greater benefits to clients.

Blair Vernon, Chief Executive, AMP Wealth Management New Zealand said:

“As we complete the separation and sale of AMP’s life insurance businesses (AMP Life) through 2019, we will establish AMP Wealth Management New Zealand as a standalone business 100% owned by AMP, with a single-minded focus on providing best in class retail investment, retirement solutions and advice for clients. This is underpinned by the highly experienced and committed executive team we have announced today.

“We will begin to transition to the new structure ahead of the AMP Life transaction, but until the separation is complete we are firmly focused on continuing to run our current business and supporting our clients, advisers and communities in the same ways we do today.

“In February, AMP CEO Francesco De Ferrari reaffirmed AMP’s commitment to the AMP Wealth Management New Zealand business with a clear mandate for growth, and consequently has deferred any further consideration of an IPO.

“This will further enable AMP Wealth Management New Zealand to become a specialised provider of wealth management and advice, which presents exciting opportunities to further enhance our offering to help even more clients achieve their financial goals and an aspirational retirement.

“There are no changes for our clients and there is nothing they need to do.”

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027 406 2048

AMP Wealth Management New Zealand

The executive team for AMP Wealth Management New Zealand is:

  • Blair Vernon, Chief Executive
  • Dhaya Sivakumar, Chief Operating Officer
  • Jeff Ruscoe, Chief Client Officer
  • Melanie Smith, GM, Employee Experience & Corporate Services
  • Jeff Mitchell, Chief Financial Officer
  • Tim Pritchard, General Counsel
  • Mark Ennis, CEO AdviceFirst

AMP Life

Today’s announcement follows confirmation of executive team appointments for the AMP Life business, under the leadership of AMP Life CEO Megan Beer. AMP New Zealand’s Therese Singleton will be Executive General Manager New Zealand, which follows the appointment of Simon Hoole as Chief Financial Officer for the Australasian business.

“Therese and Simon’s appointments will help to provide continuity for clients, advisers and employees during the transition. They each have deep knowledge and experience of our business and the financial services industry more broadly, which along with having a clear focus on servicing existing policyholders will help to deliver significant benefits for AMP Life’s advisers and life insurance clients,” said Mr Vernon.

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Ben Mabon
Mobile: + 64 27 406 2048