AMP confirms Georgeson as permanent CFO

AMP acting chief financial officer James Georgeson has been appointed on a permanent basis after filling the role since August.

Mr Georgeson's interim appointment last year followed the resignation of the company's CFO designate John Patrick Moorhead, who decided against taking up the role.

Mr Moorhead was due to take over from outgoing CFO Gordon Lefevre in October - a date that had already been delayed by four months - as the financial giant negotiated the divestment of its life insurance business.

Mr Georgeson will join the group leadership team and report to chief executive Francesco De Ferrari.

Mr Georgeson has been at AMP since 2001 and was CFO of the company's New Zealand operation.

The appointment is the latest in a string of management changes over the past two years in which AMP lost its chief executive, wealth management boss, advice executive, chairman, and several directors.

The departures came as the Banking Royal Commission exposed the business' mistreatment of customers.

Shares in AMP were worth $1.825 before the open of markets on Monday, having lost 4.7 per cent of their value so far in 2020, and three quarters of their value since a 10-year peak in March 2015.

Austrlaian Associated PressBack to Breaking News

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