Huge reshuffle at AMP

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There have been a number of key leadership appointments in a reshuffle of AMP’s financial planning and licensee businesses.

AMP announced yesterday that Steve Helmich will be taking on the role of executive director financial planning.

The leadership of AMP’s dealer groups will fall under new management structures for its two newly created business divisions – Insurance and Superannuation, and Advice and Banking – as of this coming Monday.

Insurance and Superannuation division group executive Pauline Blight-Johnston made three appointments to her leadership team. The division is responsible for the company’s risk insurance, superannuation, investment, pensions and platforms business portfolios.

Patricia Montague was appointed Superannuation director, with responsibility for superannuation, retirement and platform investment products. She does not have to move her desk far – as she joined AMP last August  as Wealth Management Products director.

The new Insurance director is Megan Beer, joining AMP from NAB in February. She has over 20 years’ experience in the actuarial and insurance industry, formerly heading up NAB’s wealth management and insurance.

Melinda Howes was appointed Product Strategy and Services director, with responsibility for portfolio strategy and shared technical services across the Insurance and Superannuation business. 

Howes joined AMP in November from the Actuaries Institute, where she was CEO for more than three years. She has also held senior positions at ASFA and BT Financial Group, and is well known in the industry for her expertise in issues around retirement, longevity and superannuation adequacy, AMP said.

“This is a strong team with the depth and breadth of experience we need to sustainably deliver the right solutions to our customers and to continue to remain contemporary and successful in a quickly changing world,” Blight-Johnston said.

At the Advice and Banking division, led by group executive Rob Caprioli, more appointments were made.

 Steve Helmich is now executive director of Financial Planning. He will represent AMP locally and internationally on key boards and forums.

The management of AMP’s advice businesses’ five licensees will be streamlined under three management teams, which means a single leadership team is responsible for the ways customers join AMP, said Caprioli.

Hugh Humphrey was appointed Channel Strategy and Transformation director, and will be responsible for aligning business strategies with customer expectations across AMP’s channels.
He was previously managing director of Hillross.

Michael Guggenheimer, currently managing director of AMP’s biggest licensee – AMP Financial Planning – will have additional responsibility for Hillross.

Tim Steele, as ipac and Genesys managing director, will take on additional responsibility at Genesys, while Kevin Stone will continue as Charter Financial Planning managing director.

Libby Roy and Mike Lawrence remain in their respective roles as Corporate Superannuation director and AMP Bank managing director.
The appointments come after AMP CEO Craig Meller announced his leadership team in October and are the next step in creating a leaner, more efficient and increasingly customer-driven organisation, the company said.