AMP names new Group Executive, Advice

AMP Limited has announced the appointment of Alex Wade to its leadership team as group executive, advice, effective 7 January 2019.

Wade will report to new AMP chief executive, Francesco De Ferrari, and will lead the "continuing transformation" of AMP's advice business, the firm said.

Wade succeeds AMP group executive, advice and New Zealand, Jack Regan, who will retire from AMP after nearly 20 years' service.

David Akers, who has been AMP's acting group executive, advice, while Regan has been on extended leave, will work with Wade to transition responsibilities and will return to the advice leadership team.

Wade previously spent 12 years with Credit Suisse, most recently as head of developed and emerging Asia for Credit Suisse Private Banking and before that as chief of staff for Asia Pacific and head of private banking Australia.

Commenting on his appointment, De Ferrari said: "Alex is a talented leader and strategic thinker, who will bring valued experience and relationships to AMP's advice business. The financial advice industry in Australia is in the process of renewal, and AMP and Alex will play a prominent role in driving this change."

Wade added that he is "delighted to be joining AMP at such a significant time for the company."