AMP Limited announced after joining AMP earlier this year, and following a 40 year career, Peter Fredricson, Chief Financial Officer (CFO) and member of the Executive Committee, has decided that it is time to retire from his executive career and consequently will leave AMP. The roles of CFO and Group Executive Transformation will be consolidated. Blair Vernon has been appointed to this expanded role effective 3 July 2023 with a transition to occur throughout June.

Blair will be responsible for leading the financial and strategic activities of the organisation across Financial Control, Statutory and Regulatory Reporting, Performance Reporting, Tax, Investor Relations, Treasury, M&A, Strategic Sourcing and Workplace Experience and Transformation. He will also lead the well-advanced balance sheet and cost base reviews announced in March 2023. Blair Vernon has over 25 years' experience across the Financial Services sector in New Zealand and Australia.

Blair joined AMP in 2009 and became Chief Executive AMP Wealth Management, New Zealand in 2019. In May 2022, Blair was appointed to lead all of AMP's transformation activities, including separation following the sales of the AMP Capital businesses, while continuing governance oversight of the Wealth Management business in New Zealand. Blair was previously Managing Director AMP Wealth Management, New Zealand from January 2017, and prior to this held various roles across operations, sales and distribution.

From August 2020 to January 2021, Blair also served as Acting CEO AMP Australia, where he was responsible for AMP's wealth management and banking divisions with a focus on strengthening financial and client-led outcomes. Prior to joining AMP, Blair held a number of General Management roles at Bank of New Zealand.