Vernon is currently AMP Chief Financial Officer and will take over as the company’s new group chief executive officer from outgoing CEO Alexis George.
George has announced she will retire from executive roles from 30 March after leading the company since August 2021.
Vernon has more than 30 years’ experience across the financial services sector in New Zealand and Australia and has been AMP Group CFO since July 2023.
He has held a range of senior leadership roles at AMP, including acting CEO of AMP Australia, group executive transformation, and CEO of New Zealand Wealth Management, where he led major transformation and simplification initiatives.
Vernon’s appointment follows “a thorough internal and external search process conducted by a top-tier executive search firm,” AMP says.
It noted Vernon’s “extensive experience from previous financial services leadership roles in Australia and New Zealand”, including his previous stint as acting CEO of AMP Australia from August 2020 to January 2021.
At that time, he had been responsible for AMP’s wealth management and banking divisions with a focus on strengthening customer-led outcomes.
AMP said his appointment “ensures a seamless transition and ongoing execution of key strategic initiatives”.
AMP chairman Mike Hirst said: “After a rigorous search and selection process, the board was unequivocal in its view that Blair brings the right breadth of experience and capability to lead AMP in its next phase of growth as CEO.
“He is keen to deliver strong performance for our stakeholders and has played a key role in improving our position in the financial services industry.
“Blair has built confidence by tightening financial management, steering our capital return program and successfully executing both the AMP Capital separation and the AMP Advice sale and partnership."
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