AMP rings changes
The group is selling its life insurance business in Australia and New Zealand to Resolution Life and plans to list the NZ wealth and advice business, including KiwiSaver, on the stock exchange in an IPO.
As part of that, it has appointed Megan Beer to lead AMP Life on both sides of the Tasman through the separation and transfer to Resolution Life, which is expected the second half of this year.
On completion, Beer will join Resolution as chief executive AMP Life and head of Resolution’s Australasian region.
AMP said Beer’s appointment would help drive separation and ensure a seamless transition for customers and employees.
Post-completion, AMP will continue to benefit from Beer’s stewardship of Resolution’s businesses in Australia, in which it retains a significant minority interest.
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