World News – AU – AMP Australia’s new Managing Director

AMP has appointed a new general manager for AMP Australia’s business to replace Alex Wade, who suddenly left.

Former Sunsuper CEO Alex Hartley will replace Blair Vernon, who has held the position since Wade’s sudden departure.

Vernon will return to his previous position as General Manager of AMP’s New Zealand wealth management business.

Hartley was Managing Director of Sunsuper from 2014 to 2019. Prior to that, he led the corporate and institutional wealth business at MLC / NAB Wealth, including leading subsidiaries Plum Financial Services and Jana Investment Advisers.

During Hartley’s time at Sunsuper, the industry fund grew to become the fourth largest in the country and went through two mergers – Kinetic Super and Austsafe Super.

« Scott has an excellent track record of transforming and growing wealth and investment businesses in Australia and we are excited to welcome him to AMP. At Sunsuper, he developed a collaborative and inclusive culture that drove the organization’s excellence. His appointment will strengthen our leadership team as we drive the transformation of the business, « said Francesco De Ferrari, CEO of AMP.

« Scott will build on the high quality work Blair Vernon has done during his four months as acting CEO. Blair stepped into the role on a short-term basis and was instrumental in keeping our transformation activities moving and managing the company’s complex legacy issues. He has earned great respect at AMP Australia and will remain an important member of my leadership team. « 

Former AMP Australia CEO Alex Wade suddenly left in August. De Ferrari refused to speak of media speculation about the reason for his resignation.

AMP Limited, Chairman of the Board, Scott Hartley, Sunsuper