AMP veteran to retire after 20 years

AMP Limited has announced that Jack Regan, group executive, advice and New Zealand, is retiring from the firm after 20 years' service.

He will be succeeded as group executive, advice by Alex Wade, who will report directly to newly-appointed chief executive, Francesco De Ferrari.

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, AMP said. Blair Vernon will continue as managing director of New Zealand.