AMP reveals board changes

AMP reveals board changes | Insurance Business

AMP reveals board changes

Financial services giant AMP Limited has appointed Debra Hazelton as a non-executive director to the AMP Limited Board.

Hazelton brings more than 30 years of global financial services experience to the role. Her previous roles include being local chief executive of Mizuho Bank in Australia and Commonwealth Bank (CBA) in Japan. She also served on the board of the Australian Financial Markets Association. Currently, Hazelton is a non-executive director on the boards of Treasury Corporation of Victoria, Persol Australia Holdings and the Australia-Japan Foundation. She is also a non-executive director of AMP Capital Holdings Limited and will continue in this position when she joins the AMP Limited Board on June 15.

“Debra’s leadership and experience within financial institutions, as well as her previous appointments as a non-executive director will further strengthen the skills and expertise on the AMP board,” AMP Chairman David Murray said. “As a director of AMP Capital Holdings, Debra already understands our business and our work to reinvent AMP as a more streamlined, sustainable business with a high-quality client offering.”

Read more: AMP reaffirms commitment to good conduct post-financial results

Consequently, AMP announced that on completion of the sale of AMP Life to Resolution Life, Trevor Matthews will remain on the AMP Life Board as an AMP nominee and retire from the AMP Limited Board. Matthews joined the board of AMP Limited in March 2014 and was appointed chairman of AMP Life in May 2016.

“I would like to thank Trevor for his considerable contribution to AMP over the last five years,” said Murray. “His deep knowledge of the life insurance industry will be a great asset to AMP Life, in which AMP will retain an ongoing economic interest.”