AMP Capital sales chief goes in restructure

AMP Capital's head of sales and marketing, Anthony Edmonds, will leave the business following a restructure that "disestablished" both his role and that of institutional head of relationship management, Andrew Johnson.

Thursday, June 18th 2009, 7:45AM

by David Chaplin

Edmonds, who has spent a decade with AMP Capital in a career spanning 15 years in New Zealand's financial services industry, said the restructure has resulted in the creation of two new positions - head of corporate services and head of distribution.

"I was not interested in the [head of distribution] role," he said.

Johnson was still considering his options within AMP Capital and externally, a corporate spokesperson said.

However, Phillippa Weston, currently AMP Capital chief operating officer (COO), has accepted the head of corporate services position, which will encompass responsibilities including tax and legal.

The head of distribution role, which is vacant for the time-being, amalgamates the sales and marketing function along with relationship management and some product responsibilities.

Edmonds said AMP Capital would continue to focus on its traditional markets and was also committed to building on relationships with the financial advisory industry.

He said the developments such as the Rabobank cash PIE and the recently-inked deal with KiwiBank to supply funds management and advisory services had cemented AMP Capital's presence in the retail market.

"The business is in a great position to grow into the future. The investment team is firing on all cylinders," Edmonds said. "The highlights of my time at AMP have been working with some talented and bright people and I've enjoyed a range of great relationships with clients."

After taking a break Edmonds said he would probably return to the financial services industry.

"I've got strong views on the industry, I think it's poised for fantastic growth and I want to reflect on those opportunities from a different perspective," he said.

The changes were part of "an ongoing process of restructuring", the AMP Capital spokesperson said.

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