AMP has announced its chief executive Francesco De Ferrari will step down later this year.
The investment firm said Mr De Ferrari will retire as the company completes a portfolio review.
He will be replaced by ANZ deputy chief executive Alexis George, who also heads the bank’s Australian wealth management division, in the third quarter of this year.
AMP said Mr De Ferrari will stay on during the interim period to ensure a smooth transition to Ms George.
-more to come
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