Former Secretary to the Australian Treasury to join AMP board

AMP Limited has announced that John Fraser is expected to join its board in September 2018, subject to "preappointment processes".

Fraser, who has experience in leadership and senior executive roles in investment banking, asset management, and public policy, spent three years as secretary to the Australian Treasury before retiring from the role in July 2018. Previously, he served a decade as the London-based chair and CEO of UBS Global Asset Management and, before this, served as deputy secretary to the Australian Treasury after holding a number of other positions in Treasury over two decades.

AMP chair, David Murray, said: "We're pleased to welcome John to the Board. His appointment demonstrates that board renewal is well underway as we continue the rebuild at AMP."

He added: "John brings a wealth of top-level experience across financial markets, governance and public policy to the AMP Board table. He has an exceptional blend of public and private sector experience, in Australia and internationally, and his strategic insights will be a great asset for the organisation."