AMP told the share market that Alex Wade was stepping down, effective immediately.
He will leave the business.
He will be replaced by Blair Vernon, chief executive of AMP New Zealand Wealth Management, who will be acting chief executive while a process is conducted for a permanent replacement.
Jeff Ruscoe will replace him as acting chief executive in New Zealand.
“We have a strong team in AMP Australia, who have been transforming the business, managing the successful separation of AMP Life, reshaping advice and increasing our focus on clients," said AMP chief executive Francesco De Ferrari.
“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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