AMP : Changes to AMP executive committee

AMP today announces changes to the AMP Limited executive team in preparation for the separation and demerger of the AMP Capital Private Markets business next year.

AMP Chief Executive, Alexis George confirmed the following changes:

• AMP Bank: Given the future strategic focus on growth in the bank, the role of AMP Bank's Managing Director will be elevated to the Executive Committee, with Sean O'Malley, the current incumbent, reporting directly to Ms George as Group Executive, AMP Bank. Sean has over 25 years' banking experience and joined AMP from Westpac in 2013. Since then, he has served in technology, operations and customer-facing roles within the bank, including as Chief Operating Officer, prior to his appointment as Managing Director in April 2021.
• Technology: AMP will appoint a new Chief Technology Officer to join the Executive Committee, reporting to Ms George. This decision reflects the critical role digital, data and technology will play in AMP's future service and operating model. An executive search for this role is underway, with both internal and external candidates being considered.
• People & Corporate Affairs: After five years as a member of the executive team, most recently leading People & Corporate Affairs, Helen Livesey will be leaving AMP later this year. Highly respected within the company, Helen has played an important leadership role through challenging circumstances, supporting AMP's response to the global pandemic and resetting its cultural agenda.

Current Group Director, People & Culture, Rebecca Nash, has been appointed as Chief People Officer and will join the Executive Committee after a period of handover and transition with Helen Livesey. Rebecca joined AMP in April 2020 and has more than 25 years' corporate experience, working across People & Culture and strategy-focused roles, including as Group Executive, People & Culture at Perpetual Limited.

AMP Chief Executive Alexis George said:

'These changes put in place the AMP Limited executive structure we need to deliver the separation and demerger of AMP Capital private markets, while continuing to drive our growth agenda in banking and wealth.

'I'm delighted to have leaders of Sean and Rebecca's calibre joining the leadership team and playing key roles in accelerating the rebuild of AMP. I also look forward to welcoming a CTO to fast-track our digital and data strategy which will underpin our future service offerings, improve outcomes for our customers and drive agility and efficiency though the business.

'I also want to thank Helen Livesey for her invaluable contribution to AMP. She has led People and Corporate Affairs with the utmost integrity and commitment through a challenging period. While we are disappointed to see her leave, we wish her well in her new endeavours.'

Sean O'Malley biography

Sean has over 25 years of experience in delivering enhanced business results, predominately in financial services industries.

Sean has been with AMP for eight years and has deep and broad experience, having performed multiple roles across the AMP business, including Director of AMP Contact Centres and Operations Transformation with a focus on transforming the customer experience and Director of AMP Direct, where he designed the organisational structure and operating model of AMP's direct to client advice model.

Sean joined the bank as Director of Technology and Operations in 2016, focused on leading capability and technology enhancements across the bank, whilst also leading the Future AMP Bank Core Program.

In April 2021, Sean was appointed to Managing Director AMP Bank. He is responsible for leading the bank, delivering its future growth strategy, rapidly uplifting its digital capability, and ensuring the ongoing delivery of high-quality products and services to customers.

Rebecca Nash biography

Rebecca joined AMP in April 2020 as Group Director People. Rebecca leads human capital strategy, employee experience, talent and succession, leadership, performance, remuneration, recruitment, diversity & inclusion, cultural transformation and employee development.

Rebecca has more than 25 years of local and global multi-sector experience. Prior to joining AMP, she spent seven years at Perpetual as the Group Executive, People & Culture where her portfolio included sustainability and business transformation. During her time at Perpetual, Rebecca served as a Director of Perpetual Trustee Company.

Prior to Perpetual, Rebecca held senior roles with National Australia Bank and Accenture.

Rebecca holds a Bachelor of Business from the University of Technology, Sydney and a post graduate Change Management Qualification from the AGSM at the University of New South Wales, Sydney. She is a graduate of the Australian Institute of Company Directors (GAICD) and a graduate of Women on Boards, Succeeding as Corporate Director, Harvard Business School.