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Regan retires

The former head of AMP NZ has gone off to retirement in the last leadership changes at AMP.

Wednesday, December 5th 2018, 12:11PM

Jack Regan

AMP group executive, advice and New Zealand, Jack Regan has retired.

Earlier this year, Regan fronted to the Australian Royal Commission of Inquiry into Misconduct in the financial services sector and admitted AMP had misled regulators and put shareholders’ interests ahead of clients.

AMP has appointed Alex Wade as group executive, advice, effective January 7.

Wade has experience in the wealth management and banking industries and has a strong track record in building and leading businesses. Most recently, he served as the head of developed and emerging Asia for Credit Suisse Private Banking.

Blair Vernon will continue as managing director of New Zealand.

Regan had been with AMP for nearly 20 years.

“I offer the warmest thanks to Jack Regan for his commitment to our advisers, customers and employees over his long service at AMP,” said new chief executive Francesco De Ferrari.

After ten years leading AMP New Zealand, Jack took on the group executive, advice and New Zealand, role in 2017, bringing his deep understanding of the advice industry to improve the governance and controls of the business. Jack is greatly respected across the advice industry and retires with the best wishes of everyone at AMP, including the many advisers across our network.”

Tags: AMP

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