Business
AMP Australia CEO leaves after just 10 months in the role – Sydney Morning Herald
Alex Wade has abruptly stepped down from his role, a day after ASIC revealed the wealth giant would be served with legal action and the market regulator was running at least five active investigations into the company.
The chief executive of AMP Australia, Alex Wade, has stepped down after less than a year in the role as the company battles a number of scandals and prepares to report its full-year earnings.
The wealth giant informed the market on Thursday morning Mr Wade would leave the company effective immediately, without explaining the circumstances around his departure. He will be replaced by Blair Vernon, chief executive of AMP’s New Zealand wealth management business.
AMP Australia chief executive Ale…
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