AMP chief to exit, ANZ deputy to replace
In a statement today, AMP has revealed that its chief executive Francesco De Ferrari will exit the business with ANZ deputy chief, Alexis George to step into the role.
The change will take place in the third quarter of 2021.
In a statement, De Ferrari said he “will continue to work in partnership with the board and lead AMP’s key strategic initiatives, including discussions on the proposed transaction for AMP Capital’s private markets business with Ares Management Corporation”.
The exclusive period for the proposed venture in which US capital management firm Ares would purchase 60% of AMP Capital has lapsed this week with no formal agreement announced.
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