AMP names new CFO

AMP Limited has announced the appointment of John Patrick (JP) Moorhead as chief financial officer, effective 1 June 2019. He will succeed retiring group CFO Gordon Lefevre.

Moorhead, who is currently CFO and chief operating officer of AMP Capital, having joined the firm in April 2018, will lead AMP's finance function with responsibility for capital management, treasury, mergers & acquisitions and investor relations, AMP said. He will also join AMP's group leadership team and report to chief executive Francesco De Ferrari.

Commenting on his appointment, De Ferrari said: "I'm delighted that JP will join our new leadership team. As we change and reinvent AMP, he will bring the valuable international experience of leading finance in a complex and entrepreneurial business at Virgin Group, as well as strong industry experience from his time with Goldman Sachs and Fidelity International."

He added: "[JP] has shown his capabilities over the past year as CFO and COO of AMP Capital and has a strong understanding of the group and the Australian marketplace."

Editor's note: The appointment date below was pushed back to 1 October 2019, before a further announcement on 8 August 2019 that Moorhead has resigned and that James Georgeson, currently AMP deputy CFO, has been appointed as acting CFO.